L.D.C. SA said its normalized net income for the fiscal first half ended Aug. 31 was €2.65 per share, a gain of 41.1% from €1.88 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €42.8 million, an increase of 40.9% from €30.4 million in the year-earlier period.
Total revenue totaled €1.45 billion, compared with €1.46 billion in the prior-year period, and total operating expenses declined year over year to €1.39 billion from €1.41 billion.
Reported net income rose 54.2% year over year to €43.0 million, or €2.67 per share, from €27.9 million, or €1.73 per share.
