KWS Saat SE said its normalized net income for the fiscal first quarter ended Sept. 30 was a loss of €4.87 per share, compared with the S&P Capital IQ consensus estimate of a loss of €7.04 per share.
The per-share loss increased 12.2% year over year from €4.34.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €32.2 million, compared with a loss of €28.6 million in the year-earlier period.
The normalized profit margin declined to negative 30.5% from negative 29.3% in the year-earlier period.
Total revenue climbed 7.8% on an annual basis to €105.3 million from €97.7 million, and total operating expenses climbed 12.8% on an annual basis to €140.4 million from €124.5 million.
Reported net income came to a loss of €35.0 million, or a loss of €5.30 per share, compared to a loss of €32.0 million, or a loss of €4.85 per share, in the year-earlier period.
