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DIA H1 profit climbs YOY

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Capital Markets View – January 2021


DIA H1 profit climbs YOY

Distribuidora Internacional de Alimentación SA said its first-half normalized net income came to 14 euro cents per share, an increase from 13 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 €88.0 million, a gain from €85.8 million in the year-earlier period.

Total revenue climbed 14.6% year over year to €4.35 billion from €3.79 billion, and total operating expenses grew 14.9% from the prior-year period to €4.19 billion from €3.65 billion.

Reported net income declined 29.4% year over year to €63.8 million, or 10 cents per share, from €90.4 million, or 14 cents per share.