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Kabel Deutschland Holding fiscal Q3 profit falls YOY

Kabel Deutschland Holding AG said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 68 euro cents per share, a decrease of 12.9% from 78 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 €60.1 million, a decline of 13.0% from €69.0 million in the prior-year period.

The normalized profit margin fell to 11.0% from 13.4% in the year-earlier period.

Total revenue climbed 6.8% on an annual basis to €548.3 million from €513.4 million, and total operating expenses climbed 13.7% from the prior-year period to €428.8 million from €377.0 million.

Reported net income fell 9.9% year over year to €65.8 million, or 74 cents per share, from €73.0 million, or 82 cents per share.