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Sika AG H1 profit climbs 16.6% YOY

Sika AG said its normalized net income for the first half amounted to CHF239.2 million, a rise of 16.6% from CHF205.0 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue increased 6.7% year over year to CHF2.99 billion from CHF2.81 billion, and total operating expenses grew 5.7% on an annual basis to CHF2.59 billion from CHF2.45 billion.

Reported net income totaled CHF283.1 million, compared with CHF243.4 million in the year-earlier period.