Liew Española SA said its third-quarter normalized net income came to €636,750, a fall of 40.3% from €1.1 million in the prior-year period.

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

The normalized profit margin declined to 1.6% from 2.7% in the year-earlier period.

Total revenue climbed on an annual basis to €41.1 million from €39.2 million, and total operating expenses grew year over year to €39.7 million from €39.1 million.

Reported net income came to €1.4 million, compared with €1.4 million in the prior-year period.