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Jacques Bogart H1 profit climbs 38.0% YOY

Jacques Bogart S.A. said its first-half normalized net income was 26 euro cents per share, a gain of 40.6% from 18 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 €4.0 million, a gain of 38.0% from €2.9 million in the year-earlier period.

Total revenue increased 9.6% year over year to €52.1 million from €47.5 million, and total operating expenses climbed 7.9% year over year to €45.2 million from €41.9 million.

Reported net income rose 9.5% on an annual basis to €4.5 million, or 29 cents per share, from €4.1 million, or 26 cents per share.