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Park & Bellheimer H1 profit falls YOY

Park & Bellheimer AG said its normalized net income for the first half amounted to 2 euro cents per share, a decline of 54.0% from 5 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 €131,750, a decrease of 46.9% from €248,180 in the year-earlier period.

Total revenue totaled €9.2 million, compared with €9.3 million in the prior-year period, and total operating expenses rose on an annual basis to €9.2 million from €8.9 million.

Reported net income fell 53.8% from the prior-year period to €114,000, or 2 cents per share, from €246,790, or 5 cents per share.