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Pininfarina Q2 loss narrows YOY

4913033 said its normalized net income for the second quarter was a loss of 2 euro cents per share, compared with a loss of 5 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 a loss of €575,390, compared with a loss of €1.4 million in the year-earlier period.

The normalized profit margin increased to negative 3.2% from negative 6.8% in the year-earlier period.

Total revenue decreased 26.1% year over year to €15.2 million from €20.6 million, and total operating expenses fell 28.4% on an annual basis to €15.2 million from €21.2 million.

eported net income came to €25.4 million, or 84 cents per share, compared to a loss of €2.2 million, or a loss of 7 cents per share, in the prior-year period.Pininfarina SpA

4913033 said its normalized net income for the second quarter was a loss of 2 euro cents per share, compared with a loss of 5 cents per share in the prior-year period.