trending Market Intelligence /marketintelligence/en/news-insights/trending/xCfNGecGU85TL2rr6Q1OoA2 content esgSubNav
In This List

AB Snaige Q2 profit climbs YOY

Blog

Gold Market Outlook

Blog

The evolving world of central bank digital currencies

Blog

Expand Your Perspective: Intelligence

Blog

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


AB Snaige Q2 profit climbs YOY

AB Snaige said its second-quarter normalized net income was €588,180, a gain from €225,810 in the prior-year period.

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

The normalized profit margin climbed to 5.0% from 1.9% in the year-earlier period.

Total revenue decreased on an annual basis to €11.8 million from €12.0 million, and total operating expenses declined 6.0% on an annual basis to €10.8 million from €11.5 million.

Reported net income grew on an annual basis to €941,090, or 2 cents per share, from €361,290, or 1 cents per share.