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Artnet H1 profit climbs YOY

artnet AG said its first-half normalized net income was €244,590, an increase from €47,770 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue rose on an annual basis to €8.5 million from €8.4 million, and total operating expenses totaled €8.3 million, compared with €8.3 million in the year-earlier period.

Reported net income grew on an annual basis to €384,060, or 7 cents per share, from €55,530, or 1 cents per share.