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Bell Food H1 profit climbs 7.6% YOY

Bell Food Group AG said its normalized net income for the first half came to CHF6.19 per share, an increase of 7.3% from CHF5.77 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was CHF24.7 million, a gain of 7.6% from CHF23.0 million in the year-earlier period.

Total revenue totaled CHF1.23 billion, compared with CHF1.23 billion in the year-earlier period, and total operating expenses totaled CHF1.19 billion, compared with CHF1.19 billion in the year-earlier period.

Reported net income grew 14.6% on an annual basis to CHF32.0 million, or CHF8.00 per share, from CHF27.9 million, or CHF7.00 per share.