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In This List H1 profit falls YOY


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Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise H1 profit falls YOY AG said its first-half normalized net income amounted to 2 euro cents per share, a decline of 90.8% from 16 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 €30,330, a decrease of 90.7% from €325,600 in the prior-year period.

Total revenue decreased 30.5% on an annual basis to €5.5 million from €8.0 million, and total operating expenses declined 15.2% on an annual basis to €5.8 million from €6.8 million.

Reported net income came to a loss of €181,950, or a loss of 9 cents per share, compared to income of €377,640, or 19 cents per share, in the year-earlier period.