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Liew Española SA Q2 profit climbs 46.3% YOY

Liew Española SA said its second-quarter normalized net income was 94 euro cents per share, a gain of 46.3% from 64 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €1.6 million, a gain of 46.3% from €1.1 million in the prior-year period.

The normalized profit margin increased to 4.6% from 3.3% in the year-earlier period.

Total revenue rose 5.3% on an annual basis to €34.4 million from €32.6 million, and total operating expenses rose 9.7% from the prior-year period to €32.2 million from €29.3 million.

Reported net income totaled €1.1 million, or 69 cents per share, compared to €1.1 million, or 69 cents per share, in the prior-year period.