TUI AG said its normalized net income for the fiscal third quarter ended June 30 came to 17 euro cents per share, a gain of 125.7% from 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 €102.9 million, an increase of 128.9% from €44.9 million in the prior-year period.
The normalized profit margin rose to 2.2% from 1.1% in the year-earlier period.
Total revenue climbed 12.6% on an annual basis to €4.78 billion from €4.24 billion, and total operating expenses increased 11.9% year over year to €4.64 billion from €4.14 billion.
Reported net income increased 144.0% year over year to €136.4 million, or 23 cents per share, from €55.9 million, or 10 cents per share.
