AGRANA Beteiligungs-Aktiengesellschaft said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, was €1.33 per share, a decline of 21.6% from €1.70 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €19.0 million, a decline of 21.4% from €24.2 million in the year-earlier period.
The normalized profit margin declined to 3.0% from 3.5% in the year-earlier period.
Total revenue decreased 8.4% on an annual basis to €640.0 million from €699.0 million, and total operating expenses fell 7.6% year over year to €609.9 million from €659.9 million.
Reported net income fell 37.8% on an annual basis to €19.5 million, or €1.37 per share, from €31.4 million, or €2.21 per share.
