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Groupe Minoteries SA H1 profit climbs YOY

Groupe Minoteries SA said its normalized net income for the first half came to CHF5.43 per share, an increase from CHF2.52 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was CHF1.8 million, an increase from CHF831,880 in the year-earlier period.

Total revenue grew on an annual basis to CHF72.8 million from CHF72.0 million, and total operating expenses came to CHF69.8 million, compared with CHF70.4 million in the prior-year period.

Reported net income rose 55.7% from the prior-year period to CHF2.3 million, or CHF6.99 per share, from CHF1.5 million, or CHF4.49 per share.