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APB Apranga Q2 profit climbs 9.1% YOY

APB Apranga said its normalized net income for the second quarter amounted to 4 euro cents per share, an increase from 4 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 €2.2 million, a gain of 9.1% from €2.0 million in the prior-year period.

The normalized profit margin declined to 5.4% from 5.4% in the year-earlier period.

Total revenue grew 10.1% on an annual basis to €40.2 million from €36.5 million, and total operating expenses climbed 10.3% from the prior-year period to €36.7 million from €33.3 million.

Reported net income came to €3.0 million, or 5 cents per share, compared to €2.8 million, or 5 cents per share, in the prior-year period.