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Raval ACS Q3 profit climbs YOY

Raval ACS Ltd. said its third-quarter normalized net income came to 3 euro cents per share, an increase from 3 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 €2.0 million, an increase from €2.0 million in the prior-year period.

The normalized profit margin declined to 5.1% from 5.5% in the year-earlier period.

Total revenue climbed 7.9% year over year to €39.1 million from €36.2 million, and total operating expenses climbed 5.1% from the prior-year period to €35.7 million from €34.0 million.

Reported net income increased 10.9% year over year to €3.1 million, or 4 cents per share, from €2.8 million, or 4 cents per share.