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Perseus Q4 profit climbs 14.0% YOY

Perseus SA said its normalized net income for the fourth quarter came to 7 euro cents per share, an increase of 14.0% from 6 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 €1.2 million, a gain of 14.0% from €1.1 million in the prior-year period.

The normalized profit margin rose to 6.6% from 5.7% in the year-earlier period.

Total revenue decreased year over year to €18.1 million from €18.6 million, and total operating expenses fell year over year to €16.0 million from €16.2 million.

Reported net income increased year over year to €831,830, or 5 cents per share, from €222,050, or 1 cents per share.

For the year, the company's normalized net income totaled 17 cents per share, a gain of 5.0% from 16 cents per share in the prior year.

Normalized net income was €2.9 million, a gain of 5.0% from €2.8 million in the prior year.

Full-year total revenue decreased 6.3% year over year to €57.4 million from €61.2 million, and total operating expenses declined 5.9% on an annual basis to €51.1 million from €54.2 million.

The company said reported net income decreased 5.2% year over year to €2.4 million, or 14 cents per share, in the full year, from €2.5 million, or 14 cents per share.