FORTEC Elektronik AG said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, was 26 euro cents per share, an increase from 8 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 €769,010, a gain from €250,410 in the prior-year period.
The normalized profit margin climbed to 3.1% from 2.7% in the year-earlier period.
Total revenue increased year over year to €20.0 million from €9.2 million, and total operating expenses climbed 95.7% year over year to €19.3 million from €9.8 million.
Reported net income increased on an annual basis to €890,800, or 30 cents per share, from €309,190, or 10 cents per share.
