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Sika AG Q3 profit climbs 7.2% YOY

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Sika AG Q3 profit climbs 7.2% YOY

Sika AG said its normalized net income for the third quarter came to CHF120.4 million, a rise of 7.2% from CHF112.3 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 climbed to 8.2% from 7.4% in the year-earlier period.

Total revenue declined on an annual basis to CHF1.47 billion from CHF1.52 billion, and total operating expenses declined from the prior-year period to CHF1.27 billion from CHF1.33 billion.

Reported net income totaled CHF144.0 million, compared with CHF132.7 million in the year-earlier period.