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Italian Wine Brands posts H1 profit

Italian Wine Brands SpA said its normalized net income for the first half came to €727,590.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue totaled €66.3 million, and total operating expenses totaled €64.9 million.

Reported net income totaled a loss of €33,020, or a loss of 1 cents per share.