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Dierig Holding H1 profit climbs 39.4% YOY

Dierig Holding AG said its normalized net income for the first half amounted to 79 euro cents per share, a gain of 39.4% from 57 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 €3.2 million, an increase of 39.4% from €2.3 million in the year-earlier period.

Total revenue fell on an annual basis to €38.2 million from €39.9 million, and total operating expenses decreased 8.7% from the prior-year period to €32.3 million from €35.3 million.

Reported net income grew 51.9% year over year to €3.9 million, or 95 cents per share, from €2.6 million, or 62 cents per share.