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DO & CO fiscal Q3 profit falls YOY

DO & CO AG said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 30 euro cents per share, a decline of 26.0% from 41 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 €2.8 million, a decrease of 28.9% from €4.0 million in the prior-year period.

The normalized profit margin fell to 1.4% from 2.6% in the year-earlier period.

Total revenue grew 32.9% year over year to €202.1 million from €152.1 million, and total operating expenses climbed 31.0% from the prior-year period to €195.0 million from €148.8 million.

Reported net income fell 36.0% year over year to €3.3 million, or 35 cents per share, from €5.2 million, or 53 cents per share.