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Damartex fiscal H1 profit falls YOY

Damartex said its normalized net income for the fiscal first half ended Dec. 31, 2014, was €1.17 per share, a decrease of 7.1% from €1.26 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €8.4 million, a decrease of 7.4% from €9.0 million in the prior-year period.

Total revenue fell year over year to €370.5 million from €375.5 million, and total operating expenses came to €356.9 million, compared with €360.4 million in the year-earlier period.

Reported net income fell 9.0% on an annual basis to €10.9 million, or €1.53 per share, from €12.0 million, or €1.67 per share.