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Aeffe Q2 loss narrows YOY

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Aeffe Q2 loss narrows YOY

4909933 said its second-quarter normalized net income amounted to a loss of 3 euro cents per share, compared with a loss of 4 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 a loss of €3.0 million, compared with a loss of €3.6 million in the prior-year period.

The normalized profit margin climbed to negative 4.5% from negative 6.1% in the year-earlier period.

Total revenue increased 13.2% year over year to €66.0 million from €58.3 million, and total operating expenses grew 10.8% on an annual basis to €69.7 million from €62.9 million.

eported net income came to a loss of €4.3 million, or a loss of 4 cents per share, compared to a loss of €4.5 million, or a loss of 4 cents per share, in the year-earlier period.Aeffe SpA

4909933 said its second-quarter normalized net income amounted to a loss of 3 euro cents per share, compared with a loss of 4 cents per share in the year-earlier period.