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Vilmorin & Cie fiscal H1 loss widens 43.6% YOY

Vilmorin & Cie SA said its normalized net income for the fiscal first half ended Dec. 31, 2014, was a loss of €2.02 per share, compared with a loss of €1.41 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €42.0 million, compared with a loss of €29.3 million in the year-earlier period.

Total revenue climbed on an annual basis to €428.6 million from €422.7 million, and total operating expenses increased year over year to €459.1 million from €444.0 million.

Reported net income came to a loss of €55.3 million, or a loss of €2.65 per share, compared to a loss of €42.4 million, or a loss of €2.04 per share, in the year-earlier period.