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Piquadro fiscal Q3 profit climbs 24.9% YOY

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Piquadro fiscal Q3 profit climbs 24.9% YOY

Piquadro SpA said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 1 euro cents per share, an increase of 34.3% from 1 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 €732,000, a gain of 24.9% from €586,000 in the prior-year period.

The normalized profit margin rose to 5.0% from 3.7% in the year-earlier period.

Total revenue increased year over year to €16.3 million from €15.7 million, and total operating expenses increased year over year to €15.0 million from €14.5 million.

Reported net income rose 15.5% on an annual basis to €678,000, or 1 cents per share, from €587,090, or 1 cents per share.