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Poulaillon posts fiscal H2 profit

Poulaillon SA said its normalized net income for the fiscal second half ended Sept. 30, 2015, came to €1.3 million.

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

Total revenue came to €27.6 million, and total operating expenses totaled €25.1 million.

Reported net income came to €769,290, or 16 cents per share.

For the year, the company's normalized net income totaled 33 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 24 cents.

EPS rose from 12 cents in the prior year.

Normalized net income was €1.3 million, an increase from €360,370 in the prior year.

Full-year total revenue rose 19.4% from the prior-year period to €54.7 million from €45.8 million, and total operating expenses rose 18.2% on an annual basis to €52.1 million from €44.1 million.

The company said reported net income grew 25.4% on an annual basis to €574,600, or 15 cents per share, in the full year, from €458,280, or 15 cents per share.