AB Linas said its normalized net income for the first half came to €277,600, a fall of 5.7% from €294,230 in the prior-year period.

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

Total revenue rose 5.4% year over year to €6.3 million from €6.0 million, and total operating expenses rose 14.8% year over year to €6.5 million from €5.6 million.

Reported net income came to €451,170, compared with €472,380, or 2 cents per share, in the prior-year period.