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Fountaine Pajot fiscal H1 profit falls YOY

Fountaine Pajot SA said its normalized net income for the fiscal first half ended Feb. 29 amounted to €1.10 per share, a gain of 83.1% from 60 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 €918,420, a decline of 8.1% from €999,190 in the year-earlier period.

Total revenue climbed 7.6% year over year to €24.8 million from €23.1 million, and total operating expenses climbed 8.2% from the prior-year period to €23.3 million from €21.5 million.

Reported net income declined 12.5% on an annual basis to €1.2 million, or €1.43 per share, from €1.4 million, or 82 cents per share.