APB Apranga said its third-quarter normalized net income was 5 euro cents per share, compared with 5 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 €3.1 million, an increase of 12.4% from €2.7 million in the year-earlier period.

The normalized profit margin rose to 6.4% from 6.3% in the year-earlier period.

Total revenue climbed 11.5% year over year to €48.1 million from €43.1 million, and total operating expenses climbed 11.4% from the prior-year period to €43.2 million from €38.8 million.

Reported net income totaled €4.1 million, or 7 cents per share, compared to €3.7 million, or 7 cents per share, in the year-earlier period.