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Ontex Group H1 profit climbs 75.2% YOY

Ontex Group NV said its normalized net income for the first half came to 70 euro cents per share, compared with the S&P Capital IQ consensus estimate of 78 cents per share.

EPS rose 75.2% year over year from 40 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €47.6 million, a gain of 75.2% from €27.2 million in the prior-year period.

Total revenue climbed 5.3% year over year to €852.8 million from €809.9 million, and total operating expenses increased on an annual basis to €759.2 million from €727.3 million.

Reported net income rose on an annual basis to €57.2 million, or 84 cents per share, from €11.6 million, or 17 cents per share.