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Schloss Wachenheim fiscal Q3 profit falls YOY

Schloss Wachenheim AG said its normalized net income for the fiscal third quarter ended March 31 amounted to 1 euro cents per share, a decline of 41.6% from 2 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 €86,000, a decrease of 41.5% from €147,130 in the year-earlier period.

The normalized profit margin declined to 0.2% from 0.2% in the year-earlier period.

Total revenue fell 6.8% year over year to €55.5 million from €59.5 million, and total operating expenses fell 5.0% year over year to €56.0 million from €58.9 million.

Reported net income came to a loss of €170,000, or a loss of 2 cents per share, compared to a loss of €78,000, or a loss of 1 cents per share, in the year-earlier period.