Südzucker AG said its normalized net income for the fiscal third quarter ended Nov. 30, 2015, amounted to 16 euro cents per share, compared with the S&P Capital IQ consensus estimate of 17 cents per share.
The per-share result swung to a profit from the prior-year loss of 2 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €33.0 million, compared with a loss of €3.3 million in the prior-year period.
The normalized profit margin rose to 2.0% from negative 0.2% in the year-earlier period.
Total revenue decreased 7.6% on an annual basis to €1.62 billion from €1.75 billion, and total operating expenses decreased 11.3% year over year to €1.56 billion from €1.76 billion.
Reported net income came to €45.2 million, or 22 cents per share, compared to a loss of €8.1 million, or a loss of 4 cents per share, in the year-earlier period.