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A2micile Europe H1 profit climbs 45.3% YOY

A2micile Europe said its first-half normalized net income was 37 euro cents per share, an increase of 44.9% from 25 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 €402,890, an increase of 45.3% from €277,210 in the year-earlier period.

Total revenue rose 10.8% on an annual basis to €41.7 million from €37.6 million, and total operating expenses climbed 10.8% from the prior-year period to €40.0 million from €36.1 million.

Reported net income grew 28.7% from the prior-year period to €647,770, or 59 cents per share, from €503,400, or 46 cents per share.