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Euro-Cycles H1 profit climbs 15.8% YOY

Euro-Cycles SA said its normalized net income for the first half was 4.7 million dinars, an increase of 15.8% from 4.0 million dinars in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue climbed year over year to 40.2 million dinars from 38.8 million dinars, and total operating expenses totaled 32.7 million dinars, compared with 32.5 million dinars in the year-earlier period.

Reported net income totaled 7.0 million dinars, compared with 6.1 million dinars in the prior-year period.

As of Aug. 31, US$1 was equivalent to 2.21 Tunisian dinars.