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Fourlis Holdings Q4 profit climbs YOY

Fourlis Holdings SA said its normalized net income for the fourth quarter came to 10 euro cents per share, a gain from 4 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 €5.4 million, an increase from €2.2 million in the prior-year period.

The normalized profit margin rose to 4.8% from 2.0% in the year-earlier period.

Total revenue rose 5.6% year over year to €118.8 million from €112.5 million, and total operating expenses climbed year over year to €106.4 million from €104.7 million.

Reported net income rose on an annual basis to €5.1 million, or 10 cents per share, from €2.3 million, or 5 cents per share.

For the year, the company's normalized net income totaled 7 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 2 cents.

EPS was a loss of 3 cents in the prior year.

Normalized net income was €3.9 million, compared with a loss of €1.4 million in the prior year.

Full-year total revenue rose year over year to €413.3 million from €395.5 million, and total operating expenses increased year over year to €391.1 million from €383.8 million.

The company said reported net income came to €3.0 million, or 6 cents per share, in the full year, compared with a loss of €2.8 million, or a loss of 5 cents per share, the prior year.