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Bouygues Q2 profit climbs 24.4% YOY

Bouygues SA said its normalized net income for the second quarter was 41 euro cents per share, an increase of 21.8% from 34 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 €142.9 million, a gain of 24.4% from €114.9 million in the year-earlier period.

The normalized profit margin rose to 1.7% from 1.4% in the year-earlier period.

Total revenue fell on an annual basis to €8.17 billion from €8.41 billion, and total operating expenses declined on an annual basis to €7.89 billion from €8.14 billion.

Reported net income rose 32.2% on an annual basis to €152.0 million, or 44 cents per share, from €115.0 million, or 34 cents per share.