Total Produce PLC said its second-half normalized net income was 4 euro cents per share, an increase of 22.9% from 3 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 €11.9 million, a gain of 24.1% from €9.6 million in the year-earlier period.

Total revenue rose 7.5% on an annual basis to €1.44 billion from €1.34 billion, and total operating expenses rose 7.3% year over year to €1.42 billion from €1.33 billion.

Reported net income grew 6.5% from the prior-year period to €14.5 million, or 4 cents per share, from €13.6 million, or 4 cents per share.

For the year, the company's normalized net income totaled 7 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 10 cents.

EPS rose 9.4% from 6 cents in the prior year.

Normalized net income was €23.0 million, a gain of 10.2% from €20.9 million in the prior year.

Full-year total revenue increased 7.8% year over year to €2.88 billion from €2.67 billion, and total operating expenses increased 7.9% year over year to €2.83 billion from €2.62 billion.

The company said reported net income grew on an annual basis to €30.0 million, or 9 cents per share, in the full year, from €29.2 million, or 9 cents per share.