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PRFoods Q3 profit climbs YOY

AS PRFoods said its normalized net income for the third quarter was €470,630, a gain from €126,250 in the year-earlier period.

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

The normalized profit margin climbed to 4.1% from 1.3% in the year-earlier period.

Total revenue increased 13.1% year over year to €11.4 million from €10.0 million, and total operating expenses rose 10.2% on an annual basis to €10.6 million from €9.6 million.

Reported net income rose year over year to €691,000, or 2 cents per share, from €122,000, or 0 cents per share.