Laurent-Perrier S.A. said its normalized net income for the fiscal first half ended Sept. 30 came to €1.72 per share, an increase of 24.1% from €1.39 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €10.2 million, an increase of 23.3% from €8.2 million in the prior-year period.
Total revenue climbed on an annual basis to €94.4 million from €90.1 million, and total operating expenses climbed year over year to €74.9 million from €73.0 million.
Reported net income grew 27.5% year over year to €10.4 million, or €1.77 per share, from €8.2 million, or €1.38 per share.
