Vista Alegre Atlantis SGPS SA said its normalized net income for the third quarter was a loss of €281,380, compared with a loss of €890,500 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to negative 0.7% from negative 5.4% in the year-earlier period.

Total revenue increased 7.6% year over year to €17.8 million from €16.5 million, and total operating expenses increased year over year to €17.4 million from €17.0 million.

Reported net income totaled a loss of €431,000, or a loss of 0 cents per share, compared to a loss of €1.1 million, or a loss of 0 cents per share, in the year-earlier period.