Lucas Bols NV said its normalized net income for the fiscal second half ended March 31 amounted to 11 euro cents per share, compared with a loss of 11 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 €1.6 million, compared with a loss of €455,630 in the year-earlier period.

Total revenue declined year over year to €36.9 million from €37.5 million, and total operating expenses fell from the prior-year period to €27.8 million from €29.1 million.

Reported net income totaled a loss of €1.8 million, or a loss of 13 cents per share, compared to a loss of €1.4 million, or a loss of 34 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled 43 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 19 cents.

EPS rose 18.7% from 36 cents in the prior year.

Normalized net income was €4.1 million, a rise from €1.6 million in the prior year.

Full-year total revenue fell on an annual basis to €77.7 million from €78.7 million, and total operating expenses decreased on an annual basis to €55.6 million from €57.2 million.

The company said reported net income decreased 29.1% year over year to €187,860, or 2 cents per share, in the full year, from €265,020, or 5 cents per share.