trending Market Intelligence /marketintelligence/en/news-insights/trending/Au17O1ip4sEokFjIcz6CpQ2 content esgSubNav
In This List

Pankl Racing H1 profit climbs 21.3% YOY

Case Study

A Green Lender Adopts a Robust Approach for Assessing Project Finance Credit Risks

Podcast

MediaTalk | Season 2
Ep.1: Broadcast's Big Year

Blog

Global M&A by the Numbers Q4 2023

Blog

Investment Banking Essentials: February 21


Pankl Racing H1 profit climbs 21.3% YOY

Pankl Racing Systems AG said its first-half normalized net income amounted to €1.29 per share, an increase of 21.3% from €1.06 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €4.1 million, a gain of 21.3% from €3.3 million in the year-earlier period.

Total revenue rose 8.0% on an annual basis to €95.4 million from €88.3 million, and total operating expenses increased 7.0% year over year to €87.4 million from €81.6 million.

Reported net income grew 30.3% from the prior-year period to €5.6 million, or €1.77 per share, from €4.3 million, or €1.36 per share.