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Ibersol Q2 profit climbs 82.8% YOY

4915712 said its normalized net income for the second quarter amounted to €2.5 million, a rise of 82.8% from €1.3 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to 4.4% from 2.7% in the year-earlier period.

Total revenue grew 9.7% on an annual basis to €55.8 million from €50.9 million, and total operating expenses climbed 10.5% on an annual basis to €51.5 million from €46.6 million.

eported net income totaled €3.0 million, compared with €1.8 million, or 7 cents per share, in the year-earlier period.Ibersol S.G.P.S. SA

4915712 said its normalized net income for the second quarter amounted to €2.5 million, a rise of 82.8% from €1.3 million in the prior-year period.