Sioen Industries NV said its normalized net income for the second half came to 51 euro cents per share, compared with 51 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 €10.1 million, compared with €10.2 million in the prior-year period.

Total revenue fell on an annual basis to €157.9 million from €159.8 million, and total operating expenses totaled €141.8 million, compared with €143.0 million in the year-earlier period.

Reported net income rose 30.0% on an annual basis to €11.1 million, or 56 cents per share, from €8.5 million, or 43 cents per share.

For the year, the company's normalized net income totaled €1.08 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of €1.10.

EPS rose 19.3% from 90 cents in the prior year.

Normalized net income was €21.3 million, a gain of 19.0% from €17.9 million in the prior year.

Full-year total revenue totaled €326.4 million, compared with €326.6 million in the prior year, and total operating expenses decreased on an annual basis to €293.6 million from €297.5 million.

The company said reported net income increased 33.9% on an annual basis to €22.6 million, or €1.14 per share, in the full year, from €16.9 million, or 85 cents per share.