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Raval ACS Q2 profit climbs 49.3% YOY

Raval ACS Ltd. said its second-quarter normalized net income amounted to 3 euro cents per share, an increase of 49.3% 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 €2.4 million, an increase of 49.3% from €1.6 million in the year-earlier period.

The normalized profit margin climbed to 5.9% from 4.4% in the year-earlier period.

Total revenue increased 11.3% year over year to €41.3 million from €37.1 million, and total operating expenses increased 9.7% from the prior-year period to €37.6 million from €34.3 million.

Reported net income grew 87.5% year over year to €3.5 million, or 4 cents per share, from €1.9 million, or 2 cents per share.