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Geox Q3 profit climbs 68.9% YOY

Geox SpA said its normalized net income for the third quarter amounted to 7 euro cents per share, an increase of 23.6% from 5 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €14.2 million, a gain of 68.9% from €8.4 million in the year-earlier period.

The normalized profit margin climbed to 5.0% from 3.1% in the year-earlier period.

Total revenue increased 5.1% on an annual basis to €281.9 million from €268.2 million, and total operating expenses rose from the prior-year period to €258.1 million from €252.7 million.

Reported net income grew 91.7% from the prior-year period to €16.1 million, or 7 cents per share, from €8.4 million, or 5 cents per share.