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Fieratex Q3 loss narrows YOY

Fieratex SA said its third-quarter normalized net income was a loss of 3 euro cents per share, compared with a loss of 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 a loss of €286,820, compared with a loss of €330,550 in the prior-year period.

The normalized profit margin rose to negative 6.4% from negative 7.0% in the year-earlier period.

Total revenue fell 5.2% year over year to €4.5 million from €4.7 million, and total operating expenses fell 6.3% on an annual basis to €4.8 million from €5.1 million.

Reported net income totaled a loss of €469,010, or a loss of 5 cents per share, compared to a loss of €387,880, or a loss of 4 cents per share, in the prior-year period.