Folli-Follie Commercial Manufacturing & Technical SA said its third-quarter normalized net income came to 41 euro cents per share, a gain from 41 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 €27.6 million, compared with €27.5 million in the prior-year period.

The normalized profit margin fell to 9.3% from 11.2% in the year-earlier period.

Total revenue increased 14.8% on an annual basis to €281.2 million from €245.0 million, and total operating expenses increased 17.0% from the prior-year period to €239.8 million from €205.0 million.

Reported net income increased 5.9% from the prior-year period to €31.0 million, or 47 cents per share, from €29.3 million, or 44 cents per share.