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Bonduelle fiscal H1 profit climbs 26.4% YOY

Bonduelle SA said its normalized net income for the fiscal first half ended Dec. 31, 2014, amounted to 92 euro cents per share, a gain from 88 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €33.7 million, a gain of 26.4% from €26.7 million in the prior-year period.

Total revenue climbed year over year to €1.02 billion from €987.7 million, and total operating expenses climbed on an annual basis to €952.3 million from €928.6 million.

Reported net income grew 30.2% on an annual basis to €36.5 million, or €1 per share, from €28.1 million, or 93 cents per share.