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Amsterdam Commodities H1 profit falls YOY

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Capital Markets View – January 2021


Amsterdam Commodities H1 profit falls YOY

Amsterdam Commodities NV said its normalized net income for the first half came to 61 euro cents per share, a decrease from 64 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 €14.7 million, a decline from €15.2 million in the year-earlier period.

Total revenue rose 8.3% year over year to €331.7 million from €306.4 million, and total operating expenses rose 9.2% on an annual basis to €306.4 million from €280.7 million.

Reported net income totaled €17.2 million, or 72 cents per share, compared to €17.3 million, or 73 cents per share, in the year-earlier period.