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Agros Development Co. Proodos Public H2 profit climbs 12.4% YOY

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Agros Development Co. Proodos Public H2 profit climbs 12.4% YOY

4982110 said its normalized net income for the second half amounted to 4 euro cents per share, an increase of 12.4% from 4 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €142,900, an increase of 12.4% from €127,100 in the year-earlier period.

Total revenue came to €1.5 million, compared with €1.5 million in the prior-year period, and total operating expenses declined on an annual basis to €1.2 million from €1.2 million.

Reported net income rose 11.4% from the prior-year period to €269,040, or 7 cents per share, from €241,610, or 7 cents per share.

For the year, the company's normalized net income totaled €17,160, compared with a loss of €-105,640 in the prior year.

ull-year total revenue rose year over year to €2.4 million from €2.3 million, and total operating expenses totaled €2.2 million, compared with €2.2 million in the year-earlier period. Agros Development Co. Proodos Public Ltd.