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Wolford fiscal Q3 profit falls YOY

Wolford AG said its normalized net income for the fiscal third quarter ended Jan. 31 amounted to 49 euro cents per share, a decrease of 20.7% from 62 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €2.4 million, a decrease of 20.6% from €3.0 million in the year-earlier period.

The normalized profit margin fell to 4.9% from 6.2% in the year-earlier period.

Total revenue totaled €48.5 million, compared with €48.6 million in the year-earlier period, and total operating expenses rose year over year to €44.6 million from €43.7 million.

Reported net income declined 16.9% year over year to €3.1 million, or 63 cents per share, from €3.7 million, or 76 cents per share.