Toupargel Groupe SA said its second-half normalized net income was 34 euro cents per share, a decrease of 11.2% from 38 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 €3.0 million, a decrease of 20.1% from €3.8 million in the prior-year period.
Total revenue decreased year over year to €157.0 million from €164.8 million, and total operating expenses declined from the prior-year period to €152.1 million from €158.7 million.
Reported net income came to €3.5 million, or 38 cents per share, compared to a loss of €12.9 million, or a loss of €1.29 per share, in the year-earlier period.
For the year, the company's normalized net income totaled 25 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 26 cents.
EPS declined 14.1% from 29 cents in the prior year.
Normalized net income was €2.5 million, a fall of 14.2% from €3.0 million in the prior year.
Full-year total revenue fell from the prior-year period to €309.0 million from €313.8 million, and total operating expenses decreased year over year to €304.7 million from €309.0 million.
The company said reported net income came to €3.3 million, or 32 cents per share, in the full year, compared with a loss of €13.5 million, or a loss of €1.33 per share, the prior year.