Emmi AG said its normalized net income for the first half was CHF6.32 per share, a gain from CHF6.10 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was CHF33.8 million, a gain from CHF32.5 million in the prior-year period.

Total revenue declined year over year to CHF1.56 billion from CHF1.62 billion, and total operating expenses declined year over year to CHF1.48 billion from CHF1.55 billion.

Reported net income increased year over year to CHF46.2 million, or CHF8.63 per share, from CHF9.8 million, or CHF1.84 per share.