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Ratti Q3 profit climbs 8.7% YOY

Ratti S.p.A. said its normalized net income for the third quarter amounted to €654,130, an increase of 8.7% from €601,750 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 3.3% from 3.1% in the year-earlier period.

Total revenue climbed year over year to €20.1 million from €19.2 million, and total operating expenses grew from the prior-year period to €19.0 million from €18.2 million.

Reported net income totaled €1.0 million, compared with €955,000 in the prior-year period.