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IVS Group Q2 profit climbs 25.5% YOY

IVS Group SA said its second-quarter normalized net income was 15 euro cents per share, an increase of 24.7% from 12 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 €6.0 million, an increase of 25.5% from €4.8 million in the year-earlier period.

The normalized profit margin climbed to 5.9% from 5.3% in the year-earlier period.

Total revenue grew 6.2% year over year to €94.8 million from €89.2 million, and total operating expenses climbed 6.6% on an annual basis to €81.9 million from €76.8 million.

Reported net income grew 18.0% on an annual basis to €6.0 million, or 15 cents per share, from €5.1 million, or 13 cents per share.