Manutan International SA said its normalized net income for the fiscal second half ended Sept. 30, 2015, amounted to €1.89 per share, an increase of 12.0% from €1.69 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €14.3 million, an increase of 12.0% from €12.8 million in the prior-year period.
Total revenue rose 12.5% on an annual basis to €320.3 million from €284.8 million, and total operating expenses rose 12.6% from the prior-year period to €297.2 million from €264.1 million.
Reported net income increased 19.0% from the prior-year period to €15.7 million, or €2.07 per share, from €13.2 million, or €1.74 per share.
For the year, the company's normalized net income totaled €3.25 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of €3.18.
EPS was €3.22 in the prior year.
Normalized net income was €24.7 million, compared with €24.5 million in the prior year.
Full-year total revenue rose 5.6% on an annual basis to €623.5 million from €590.4 million, and total operating expenses rose 6.0% on an annual basis to €583.4 million from €550.5 million.
The company said reported net income rose 6.9% year over year to €25.8 million, or €3.40 per share, in the full year, from €24.1 million, or €3.18 per share.