Dmail Group SpA said its normalized net income for the third quarter came to €391,880, compared with a loss of €1.0 million in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin climbed to negative 5.3% from negative 10.6% in the year-earlier period.
Total revenue decreased 24.2% year over year to €7.4 million from €9.7 million, and total operating expenses decreased 26.7% from the prior-year period to €7.8 million from €10.6 million.
Reported net income came to a loss of €627,000, compared with income of €8.7 million in the year-earlier period.