Rémy Cointreau SA said its normalized net income for the fiscal second half ended March 31 amounted to 49 euro cents per share, compared with the S&P Capital IQ consensus estimate of 45 cents per share.

EPS increased year over year from 3 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €23.6 million, an increase from €1.2 million in the prior-year period.

Total revenue grew on an annual basis to €493.3 million from €473.6 million, and total operating expenses decreased year over year to €440.1 million from €456.3 million.

Reported net income came to €29.7 million, or 61 cents per share, compared to a loss of €6.9 million, or a loss of 14 cents per share, in the prior-year period.

For the year, the company's normalized net income totaled €1.62 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of €1.79.

EPS rose 12.8% from €1.44 in the prior year.

Normalized net income was €78.5 million, an increase of 10.9% from €70.8 million in the prior year.

Full-year total revenue declined 6.4% year over year to €965.1 million from €1.03 billion, and total operating expenses fell 8.2% on an annual basis to €809.1 million from €881.2 million.

The company said reported net income grew 47.9% year over year to €92.6 million, or €1.91 per share, in the full year, from €62.6 million, or €1.27 per share.