Schloss Wachenheim AG said its normalized net income for the fiscal first quarter ended Sept. 30 amounted to 24 euro cents per share, an increase from 7 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 €1.9 million, an increase from €577,000 in the year-earlier period.

The normalized profit margin climbed to 2.7% from 0.8% in the year-earlier period.

Total revenue climbed year over year to €70.2 million from €69.2 million, and total operating expenses fell from the prior-year period to €65.8 million from €66.5 million.

Reported net income grew year over year to €1.8 million, or 23 cents per share, from €716,000, or 9 cents per share.