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Sarreguemines fiscal H1 loss widens 8.7% YOY

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Sarreguemines fiscal H1 loss widens 8.7% YOY

Fayenceries de Sarreguemines Digoin & Vitry-le-Francois SA said its normalized net income for the fiscal first half ended Sept. 30, 2014, amounted to a loss of €2.46 per share, compared with a loss of €2.27 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €280,000, compared with a loss of €257,500 in the prior-year period.

Total revenue declined 14.3% year over year to €48,000 from €56,000, and total operating expenses increased year over year to €496,000 from €475,000.

Reported net income totaled a loss of €334,000, or a loss of €2.94 per share, compared to a loss of €468,000, or a loss of €4.12 per share, in the prior-year period.