trending Market Intelligence /marketintelligence/en/news-insights/trending/5KJfwBUCMKgErvQDREOdcA2 content esgSubNav
In This List

OVS SpA swings to profit in fiscal H1

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


OVS SpA swings to profit in fiscal H1

OVS SpA said its normalized net income for the fiscal first half ended July 31 was 3 euro cents per share, compared with a loss of 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 €3.8 million, compared with a loss of €3.2 million in the year-earlier period.

Total revenue rose 7.9% on an annual basis to €589.4 million from €546.5 million, and total operating expenses climbed 5.2% from the prior-year period to €553.9 million from €526.4 million.

Reported net income came to a loss of €15.4 million, or a loss of 11 cents per share, compared to a loss of €25.2 million, or a loss of 18 cents per share, in the year-earlier period.