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MG International H1 profit falls YOY

4911594 said its normalized net income for the first half amounted to 15 euro cents per share, a decrease of 88.2% from €1.26 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €635,450, a decrease of 88.2% from €5.4 million in the year-earlier period.

Total revenue grew 18.2% year over year to €16.3 million from €13.8 million, and total operating expenses increased 15.7% on an annual basis to €15.1 million from €13.0 million.

Reported net income grew 27.2% on an annual basis to €1.1 million, or 26 cents per share, from €872,200, or 20 cents per share.MG International

4911594 said its normalized net income for the first half amounted to 15 euro cents per share, a decrease of 88.2% from €1.26 per share in the prior-year period.