trending Market Intelligence /marketintelligence/en/news-insights/trending/OTu5zL2NIgItPSbMaEGbgg2 content esgSubNav
In This List

Devernois swings to loss in Q2

Blog

Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Case Study

Honing Sustainable Investing Strategies with Robust Environmental Data

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals


Devernois swings to loss in Q2

Devernois said its normalized net income for the second quarter was a loss of €1.28 per share, compared with 34 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 a loss of €383,750, compared with income of €100,630 in the prior-year period.

The normalized profit margin declined to negative 4.4% from 1.1% in the year-earlier period.

Total revenue decreased on an annual basis to €8.8 million from €9.1 million, and total operating expenses increased 5.1% year over year to €9.4 million from €9.0 million.

Reported net income came to a loss of €1.3 million, or a loss of €4.30 per share, compared to a loss of €145,000, or a loss of 48 cents per share, in the prior-year period.