Philippos Nakas SA said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, came to 10 euro cents per share, an increase from 3 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 €605,470, a gain from €183,710 in the prior-year period.
The normalized profit margin increased to 8.7% from 3.2% in the year-earlier period.
Total revenue grew 21.5% on an annual basis to €6.9 million from €5.7 million, and total operating expenses climbed 10.8% year over year to €5.9 million from €5.4 million.
Reported net income rose on an annual basis to €883,110, or 14 cents per share, from €204,330, or 3 cents per share.