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Lafuma SA H1 profit climbs YOY

Lafuma SA said its first-half normalized net income was 6 euro cents per share, an increase from 1 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 €429,380, a gain from €91,130 in the prior-year period.

Total revenue increased 6.9% on an annual basis to €85.6 million from €80.1 million, and total operating expenses rose 5.3% from the prior-year period to €84.7 million from €80.4 million.

Reported net income totaled €71,020, or 1 cents per share, compared to a loss of €350,400, or a loss of 5 cents per share, in the year-earlier period.