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Frou Frou Biscuits H1 profit climbs 26.6% YOY

Alkis H. Hadjikyriacos (Frou Frou Biscuits) Public Ltd. said its normalized net income for the first half was €702,010, a rise of 26.6% from €554,690 in the prior-year period.

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

Total revenue fell on an annual basis to €12.6 million from €13.1 million, and total operating expenses fell on an annual basis to €11.6 million from €11.9 million.

Reported net income increased 28.7% from the prior-year period to €1.0 million, or 1 cents per share, from €790,890, or 1 cents per share.