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Coca-Cola European Partners fiscal Q3 profit falls YOY

Coca-Cola European Partners PLC said its normalized net income for the fiscal third quarter ended Oct. 2 was 61 cents per share, a decline from 63 cents per share in the third quarter ended Sept. 26, 2014.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $142.5 million, a decrease of 8.1% from $155.0 million in the third quarter ended Sept. 26, 2014.

The normalized profit margin declined to 8.8% from 9.2% in the year-earlier period.

Total revenue declined year over year to $1.62 billion from $1.68 billion, and total operating expenses decreased from the prior-year period to $1.36 billion from $1.41 billion.

Reported net income fell 21.0% from the prior-year period to $148.2 million, or 64 cents per share, from $187.5 million, or 76 cents per share.