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Schloss Wachenheim fiscal Q1 profit climbs YOY

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.