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Moninger Holding swings to profit in H1

4912016 said its normalized net income for the first half was 34 euro cents per share, compared with a loss of 4 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €529,660, compared with a loss of €60,700 in the prior-year period.

otal revenue decreased 7.2% on an annual basis to €6.3 million from €6.8 million, and total operating expenses fell 5.3% year over year to €7.6 mill Moninger Holding AG