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Fabasoft fiscal Q3 profit falls YOY

Fabasoft AG said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was 3 euro cents per share, a decrease of 56.7% from 7 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €280,750, a decrease of 58.1% from €669,750 in the prior-year period.

The normalized profit margin declined to 3.8% from 8.8% in the year-earlier period.

Total revenue fell on an annual basis to €7.4 million from €7.6 million, and total operating expenses climbed 6.5% on an annual basis to €6.9 million from €6.4 million.

Reported net income declined 67.8% year over year to €297,000, or 3 cents per share, from €921,000, or 9 cents per share.