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In This List Q3 profit falls 38.0% YOY


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Insight Weekly: Bank mergers of equals return; energy tops S&P 500; green bond sales to rise Q3 profit falls 38.0% YOY Oyj said its normalized net income for the third quarter came to 5 euro cents per share, compared with the S&P Capital IQ consensus estimate of 6 cents per share.

EPS decreased 35.7% year over year from 8 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €2.5 million, a decline of 38.0% from €4.0 million in the year-earlier period.

The normalized profit margin fell to 2.6% from 4.8% in the year-earlier period.

Total revenue climbed 11.3% year over year to €92.6 million from €83.2 million, and total operating expenses climbed 15.3% from the prior-year period to €88.7 million from €76.9 million.

Reported net income grew 34.3% from the prior-year period to €3.1 million, or 7 cents per share, from €2.3 million, or 5 cents per share.