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DO & CO fiscal Q2 profit climbs 82.8% YOY

DO & CO AG said its normalized net income for the fiscal second quarter ended Sept. 30 came to €1.41 per share, a gain of 83.8% from 77 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 €13.6 million, a gain of 82.8% from €7.5 million in the year-earlier period.

The normalized profit margin increased to 6.6% from 4.4% in the year-earlier period.

Total revenue rose 22.2% year over year to €206.3 million from €168.8 million, and total operating expenses increased 24.3% on an annual basis to €195.7 million from €157.5 million.

Reported net income increased 73.9% on an annual basis to €16.4 million, or €1.69 per share, from €9.4 million, or 97 cents per share.