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Hella fiscal Q2 profit climbs 23.5% YOY

HELLA GmbH & Co. KGaA said its normalized net income for the fiscal second quarter ended Nov. 30, 2015, amounted to 78 euro cents per share, a gain of 15.1% from 68 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 €85.8 million, an increase of 23.5% from €69.4 million in the prior-year period.

The normalized profit margin rose to 4.6% from 4.6% in the year-earlier period.

Total revenue climbed 10.3% year over year to €1.66 billion from €1.51 billion, and total operating expenses grew 9.7% on an annual basis to €1.53 billion from €1.40 billion.

Reported net income grew year over year to €87.2 million, or 79 cents per share, from €85.4 million, or 83 cents per share.