Adolfo Dominguez SA said its normalized net income for the fiscal fourth quarter ended Feb. 28 was 14 euro cents per share, compared with a loss of 6 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 €1.3 million, compared with a loss of €600,180 in the year-earlier period.
The normalized profit margin rose to 3.1% from negative 1.3% in the year-earlier period.
Total revenue decreased 6.9% year over year to €43.0 million from €46.2 million, and total operating expenses fell 8.4% year over year to €43.0 million from €46.9 million.
Reported net income came to a loss of €740,720, or a loss of 8 cents per share, compared to a loss of €762,360, or a loss of 8 cents per share, in the year-earlier period.
For the year, the company's normalized net income totaled a loss of 40 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of a loss of 66 cents.
EPS was a loss of 94 cents in the prior year.
Normalized net income was a loss of €3.6 million, compared with a loss of €8.6 million in the prior year.
Full-year total revenue fell 7.8% from the prior-year period to €124.1 million from €134.6 million, and total operating expenses declined 9.9% on an annual basis to €131.7 million from €146.2 million.
The company said reported net income totaled a loss of €11.0 million, or a loss of €1.21 per share, in the full year, compared with a loss of €10.3 million, or a loss of €1.12 per share, the prior year.
