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Agroliga Q2 profit falls YOY

Agroliga Group PLC said its second-quarter normalized net income amounted to 20 euro cents per share, a decrease of 53.0% from 42 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 €301,880, a decrease of 53.0% from €641,630 in the year-earlier period.

The normalized profit margin fell to 3.6% from 7.7% in the year-earlier period.

Total revenue climbed on an annual basis to €8.5 million from €8.3 million, and total operating expenses climbed 12.8% year over year to €8.0 million from €7.1 million.

Reported net income decreased 52.6% from the prior-year period to €490,000, or 32 cents per share, from €1.0 million, or 67 cents per share.