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Telepizza Q3 profit climbs YOY

Telepizza Group SAU said its normalized net income for the third quarter came to €5.4 million, an increase from €625,000 in the year-earlier period.

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

The normalized profit margin increased to 6.5% from 0.8% in the year-earlier period.

Total revenue grew 6.3% year over year to €83.1 million from €78.2 million, and total operating expenses climbed 5.7% on an annual basis to €72.3 million from €68.4 million.

Reported net income came to €6.9 million, compared with a loss of €1.3 million in the year-earlier period.