Kapsch TrafficCom AG said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to 34 euro cents per share, compared with a loss of 8 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 €4.5 million, compared with a loss of €981,630 in the year-earlier period.
The normalized profit margin increased to 3.3% from negative 0.9% in the year-earlier period.
Total revenue grew 19.9% year over year to €134.4 million from €112.1 million, and total operating expenses increased 11.9% on an annual basis to €118.5 million from €105.9 million.
Reported net income came to €4.7 million, or 36 cents per share, compared to a loss of €1.1 million, or a loss of 9 cents per share, in the year-earlier period.
