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Piquadro fiscal Q3 profit falls YOY

4416894 said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 1 euro cents per share, a decline of 17.1% from 2 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 €682,630, a decrease of 17.1% from €823,250 in the year-earlier period.

The normalized profit margin dropped to 4.1% from 5.0% in the year-earlier period.

Total revenue increased on an annual basis to €16.8 million from €16.5 million, and total operating expenses grew 5.8% on an annual basis to €15.9 million from €15.0 million.

eported net income grew 28.6% from the prior-year period to €827,000, or 2 cents per share, from €643,200, or 1 cents per share.Piquadro SpA

4416894 said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 1 euro cents per share, a decline of 17.1% from 2 cents per share in the year-earlier period.