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Miko NV H1 profit climbs 7.8% YOY

Miko NV said its first-half normalized net income amounted to €3.41 per share, an increase of 8.0% from €3.16 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €4.3 million, an increase of 7.8% from €3.9 million in the prior-year period.

Total revenue increased year over year to €95.0 million from €93.6 million, and total operating expenses totaled €87.3 million, compared with €86.7 million in the prior-year period.

Reported net income grew 8.3% from the prior-year period to €5.0 million, or €3.99 per share, from €4.6 million, or €3.68 per share.