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Saint-Gobain H1 profit climbs 12.8% YOY

Compagnie de Saint-Gobain AG said its first-half normalized net income came to €1.34 per share, a gain of 13.2% from €1.19 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €747.6 million, a gain of 12.8% from €662.9 million in the prior-year period.

Total revenue grew on an annual basis to €20.41 billion from €19.55 billion, and total operating expenses rose on an annual basis to €19.00 billion from €18.25 billion.

Reported net income increased 25.8% on an annual basis to €751.9 million, or €1.35 per share, from €597.9 million, or €1.07 per share.