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Schloss Wachenheim fiscal Q2 profit falls YOY

Schloss Wachenheim AG said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, came to 69 euro cents per share, a decrease from 70 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 €5.5 million, a decrease from €5.5 million in the prior-year period.

The normalized profit margin climbed to 5.6% from 5.2% in the year-earlier period.

Total revenue decreased 8.6% year over year to €98.2 million from €107.4 million, and total operating expenses fell 11.3% on an annual basis to €83.2 million from €93.8 million.

Reported net income grew on an annual basis to €7.4 million, or 93 cents per share, from €7.2 million, or 91 cents per share.