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Groupe LDLC fiscal H1 profit climbs 46.0% YOY

Groupe LDLC said its normalized net income for the fiscal first half ended Sept. 30 came to 52 euro cents per share, an increase of 44.8% from 36 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 €2.9 million, a gain of 46.0% from €2.0 million in the prior-year period.

Total revenue grew 20.9% on an annual basis to €129.0 million from €106.7 million, and total operating expenses grew 20.1% on an annual basis to €124.4 million from €103.6 million.

Reported net income grew 36.3% from the prior-year period to €2.7 million, or 50 cents per share, from €2.0 million, or 37 cents per share.