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Ahlers AG fiscal Q4 loss widens 73.6% YOY

Ahlers AG said its normalized net income for the fiscal fourth quarter ended Nov. 30, 2015, was a loss of 25 euro cents per share, compared with a loss of 14 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 €3.4 million, compared with a loss of €2.0 million in the prior-year period.

The normalized profit margin dropped to negative 6.2% from negative 3.3% in the year-earlier period.

Total revenue fell 8.0% year over year to €54.5 million from €59.2 million, and total operating expenses fell from the prior-year period to €59.7 million from €62.1 million.

Reported net income totaled a loss of €3.2 million, or a loss of 23 cents per share, compared to a loss of €1.6 million, or a loss of 12 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled 4 cents per share, a decrease of 86.9% from 33 cents per share in the prior year.

Normalized net income was €597,250, a decrease of 86.9% from €4.6 million in the prior year.

Full-year total revenue decreased 5.9% on an annual basis to €241.9 million from €257.1 million, and total operating expenses declined on an annual basis to €240.0 million from €248.6 million.

The company said reported net income fell 80.1% year over year to €1.1 million, or 8 cents per share, in the full year, from €5.8 million, or 42 cents per share.