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Casino Guichard-Perrachon posts H2 profit

Casino Guichard-Perrachon SA said its normalized net income for the second half came to €246.0 million.

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

Total revenue came to €22.48 billion, and total operating expenses totaled €21.82 billion.

Reported net income came to a loss of €168.0 million, or a loss of €1.50 per share.

For the year, the company's normalized net income totaled €2.25 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of €2.78.

EPS declined 44.3% from €4.03 in the prior year.

Normalized net income was €253.4 million, a decrease of 44.4% from €455.8 million in the prior year.

Full-year total revenue decreased year over year to €46.15 billion from €48.49 billion, and total operating expenses fell on an annual basis to €44.99 billion from €46.28 billion.

The company said reported net income came to a loss of €138.0 million, or a loss of €1.22 per share, in the full year, compared with income of €190.0 million, or €1.68 per share, the prior year.