Ahlers AG said its normalized net income for the fiscal third quarter ended Aug. 31 amounted to €3.8 million, a fall of 5.9% from €4.1 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to 5.8% from 5.8% in the year-earlier period.

Total revenue fell year over year to €66.2 million from €69.4 million, and total operating expenses fell year over year to €59.9 million from €62.7 million.

Reported net income totaled €4.3 million, compared with €4.4 million in the year-earlier period.