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Sumol+Compal Q3 profit falls YOY

Sumol+Compal SA said its normalized net income for the third quarter was 2 euro cents per share, a decline of 73.4% from 8 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 €1.3 million, a decrease of 71.9% from €4.7 million in the year-earlier period.

The normalized profit margin dropped to 1.4% from 5.1% in the year-earlier period.

Total revenue rose year over year to €96.6 million from €93.1 million, and total operating expenses increased 5.1% on an annual basis to €85.2 million from €81.0 million.

Reported net income declined 48.2% from the prior-year period to €2.8 million, or 5 cents per share, from €5.4 million, or 10 cents per share.