Liew Española SA said its normalized net income for the third quarter was €1.1 million, a decrease of 8.5% from €1.2 million in the prior-year period.

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

The normalized profit margin declined to 2.7% from 3.5% in the year-earlier period.

Total revenue climbed 18.7% year over year to €39.2 million from €33.0 million, and total operating expenses rose 21.8% on an annual basis to €39.1 million from €32.1 million.

Reported net income came to €1.4 million, compared with €1.3 million in the year-earlier period.