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Adolfo Dominguez swings to profit in fiscal Q4

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.