trending Market Intelligence /marketintelligence/en/news-insights/trending/vAxVKlzeH7k_Mtjre5GxYQ2 content esgSubNav
In This List

Smartphoto Group swings to profit in H1

Blog

Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Global M&A By the Numbers: Q1 2022

Blog

Insight Weekly: Earnings forecasts for US banks; corporate deleveraging; LatAm currency gains


Smartphoto Group swings to profit in H1

Smartphoto Group NV said its normalized net income for the first half was 5 euro cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 10 cents per share.

The per-share result swung to a profit from the prior-year loss of 8 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €196,880, compared with a loss of €307,500 in the prior-year period.

Total revenue increased 26.0% year over year to €16.0 million from €12.7 million, and total operating expenses rose 21.1% from the prior-year period to €15.5 million from €12.8 million.

Reported net income came to a loss of €409,000, or a loss of 10 cents per share, compared to a loss of €1.1 million, or a loss of 29 cents per share, in the year-earlier period.