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Aeffe Q1 profit climbs 25.6% YOY

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Aeffe Q1 profit climbs 25.6% YOY

Aeffe SpA said its first-quarter normalized net income amounted to 6 euro cents per share, a gain of 25.6% from 4 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €5.7 million, an increase of 25.6% from €4.6 million in the year-earlier period.

The normalized profit margin climbed to 7.4% from 6.2% in the year-earlier period.

Total revenue grew 5.6% year over year to €77.4 million from €73.3 million, and total operating expenses increased year over year to €66.5 million from €63.8 million.

Reported net income grew 26.7% on an annual basis to €5.8 million, or 6 cents per share, from €4.6 million, or 4 cents per share.