Centrale d'Achat Française pour l'Outre-Mer SA said its normalized net income for the fiscal first half ended March 31 came to 31 euro cents per share, a decrease of 24.0% from 41 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 €3.0 million, a decrease of 21.2% from €3.8 million in the prior-year period.

Total revenue grew 9.0% year over year to €206.5 million from €189.5 million, and total operating expenses grew 10.0% from the prior-year period to €201.0 million from €182.7 million.

Reported net income increased 51.4% on an annual basis to €1.8 million, or 19 cents per share, from €1.2 million, or 13 cents per share.