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Adolfo Dominguez fiscal Q2 loss narrows YOY

Adolfo Dominguez SA said its normalized net income for the fiscal second quarter ended Aug. 31 came to a loss of 36 euro cents per share, compared with a loss of 67 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 a loss of €3.3 million, compared with a loss of €6.1 million in the year-earlier period.

The normalized profit margin climbed to negative 9.6% from negative 15.8% in the year-earlier period.

Total revenue decreased 11.3% year over year to €34.5 million from €38.9 million, and total operating expenses fell 16.8% from the prior-year period to €40.0 million from €48.0 million.

Reported net income came to a loss of €4.4 million, or a loss of 48 cents per share, compared to a loss of €6.7 million, or a loss of 73 cents per share, in the prior-year period.