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Le Tanneur & Cie posts H2 profit

Le Tanneur & Cie said its second-half normalized net income came to €628,130.

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

Total revenue came to €28.7 million, and total operating expenses came to €27.6 million.

Reported net income came to €1.0 million, or 24 cents per share.

For the year, the company's normalized net income totaled 2 cents per share, compared with a loss of 41 cents per share in the prior year.

Normalized net income was €78,750, compared with a loss of €1.8 million in the prior year.

Full-year total revenue grew from the prior-year period to €56.7 million from €55.9 million, and total operating expenses declined on an annual basis to €56.5 million from €58.6 million.

The company said reported net income came to a loss of €305,000, or a loss of 7 cents per share, in the full year, compared with a loss of €1.8 million, or a loss of 43 cents per share, the prior year.