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F.G. Europe H1 profit climbs YOY

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F.G. Europe H1 profit climbs YOY

F.G. Europe SA said its normalized net income for the first half amounted to €1.3 million, a gain from €510,250 in the year-earlier period.

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

Total revenue grew 11.5% year over year to €52.2 million from €46.8 million, and total operating expenses grew 11.6% from the prior-year period to €48.2 million from €43.2 million.

Reported net income came to €1.5 million, or 3 cents per share, compared to a loss of €287,000, or a loss of 1 cents per share, in the prior-year period.