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Lafuma SA H1 profit falls YOY

Lafuma SA said its normalized net income for the first half amounted to 1 euro cents per share, a decline of 71.1% from 4 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 €91,130, a decrease of 70.4% from €307,880 in the year-earlier period.

Total revenue decreased 6.3% year over year to €80.1 million from €85.5 million, and total operating expenses declined on an annual basis to €80.4 million from €84.1 million.

Reported net income totaled a loss of €350,400, or a loss of 5 cents per share, compared to a loss of €759,640, or a loss of 11 cents per share, in the year-earlier period.