Aeffe SpA said its normalized net income for the first quarter came to 4 euro cents per share, an increase of 29.3% from 3 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 €4.6 million, a gain of 29.3% from €3.5 million in the prior-year period.
The normalized profit margin increased to 6.2% from 5.1% in the year-earlier period.
Total revenue rose 5.4% year over year to €73.3 million from €69.5 million, and total operating expenses rose on an annual basis to €63.8 million from €61.7 million.
Reported net income grew 41.2% year over year to €4.6 million, or 4 cents per share, from €3.2 million, or 3 cents per share.
