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Jerí³nimo Martins Q2 profit climbs 8.6% YOY

4235892 said its second-quarter normalized net income was 11 euro cents per share, compared with the S&P Capital IQ consensus estimate of 13 cents per share.

EPS increased 8.5% year over year from 10 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €71.2 million, a gain of 8.6% from €65.6 million in the year-earlier period.

The normalized profit margin fell to 2.1% from 2.1% in the year-earlier period.

otal revenue grew 10.1% year over year to €3.46 billion from €3.14 billion, and total operating expenses climbed 10.2% on a Jerónimo Martins SGPS SA