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Rallye SA posts H2 profit

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Rallye SA posts H2 profit

Rallye SA said its second-half normalized net income came to €184.3 million.

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

Total revenue totaled €22.84 billion, and total operating expenses came to €22.15 billion.

Reported net income totaled a loss of €86.0 million, or a loss of €1.82 per share.

For the year, the company's normalized net income totaled a loss of 29 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of €2.38.

EPS was €1.84 in the prior year.

Normalized net income was a loss of €14.0 million, compared with income of €89.1 million in the prior year.

Full-year total revenue decreased on an annual basis to €46.83 billion from €49.16 billion, and total operating expenses fell on an annual basis to €45.66 billion from €47.10 billion.

The company said reported net income totaled a loss of €168.0 million, or a loss of €3.50 per share, in the full year, compared with a loss of €52.0 million, or a loss of €1.07 per share, the prior year.