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Bodegas Riojanas Q2 profit climbs YOY

Bodegas Riojanas SA said its normalized net income for the second quarter was 6 euro cents per share, a gain from 3 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 €301,250, a gain from €135,630 in the prior-year period.

The normalized profit margin increased to 10.2% from 5.0% in the year-earlier period.

Total revenue grew 7.4% year over year to €2.9 million from €2.7 million, and total operating expenses grew from the prior-year period to €2.3 million from €2.2 million.

Reported net income grew year over year to €323,000, or 6 cents per share, from €141,000, or 3 cents per share.