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Exor H1 profit falls YOY

Exor NV said its first-half normalized net income amounted to €2.14 per share, a decline from €2.16 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €504.5 million, a decrease from €516.0 million in the year-earlier period.

Total revenue grew year over year to €71.37 billion from €68.20 billion, and total operating expenses rose on an annual basis to €67.26 billion from €65.25 billion.

Reported net income rose 112.5% from the prior-year period to €916.0 million, or €3.88 per share, from €431.0 million, or €1.81 per share.