Delfingen Industry S.A. said its first-half normalized net income amounted to €1.39 per share, a decrease from €1.42 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €3.2 million, a decrease of 6.3% from €3.4 million in the year-earlier period.

Total revenue grew year over year to €90.4 million from €88.8 million, and total operating expenses rose on an annual basis to €83.8 million from €82.9 million.

Reported net income declined 24.9% on an annual basis to €2.8 million, or €1.20 per share, from €3.7 million, or €1.54 per share.