Fountaine Pajot SA said its normalized net income for the fiscal first half ended Feb. 28 came to 60 euro cents per share, compared with a loss of 42 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 €999,190, compared with a loss of €697,060 in the year-earlier period.
Total revenue increased 41.6% year over year to €23.1 million from €16.3 million, and total operating expenses rose 24.8% on an annual basis to €21.5 million from €17.2 million.
Reported net income came to €1.4 million, or 82 cents per share, compared to a loss of €310,690, or a loss of 19 cents per share, in the prior-year period.
