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Gerry Weber International fiscal Q2 profit falls YOY

Gerry Weber International AG said its normalized net income for the fiscal second quarter ended April 30 amounted to 23 euro cents per share, a decrease of 42.5% from 41 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €10.8 million, a decline of 42.5% from €18.7 million in the year-earlier period.

The normalized profit margin declined to 4.5% from 8.4% in the year-earlier period.

Total revenue climbed 8.0% on an annual basis to €240.3 million from €222.4 million, and total operating expenses grew 15.9% on an annual basis to €221.5 million from €191.1 million.

Reported net income decreased 46.1% on an annual basis to €11.4 million, or 25 cents per share, from €21.1 million, or 46 cents per share.