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Aeffe Q3 profit climbs 41.5% YOY

Aeffe SpA said its third-quarter normalized net income was 3 euro cents per share, an increase of 41.6% from 2 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 €3.4 million, an increase of 41.5% from €2.4 million in the prior-year period.

The normalized profit margin increased to 4.5% from 3.1% in the year-earlier period.

Total revenue decreased on an annual basis to €75.5 million from €77.7 million, and total operating expenses decreased from the prior-year period to €69.4 million from €72.7 million.

Reported net income increased year over year to €3.4 million, or 3 cents per share, from €1.5 million, or 1 cents per share.