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Bell Food profit holds relatively steady YOY in H2

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Bell Food profit holds relatively steady YOY in H2

Bell Food Group AG said its second-half normalized net income amounted to CHF12.34 per share, compared with CHF12.30 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was CHF49.0 million, compared with CHF49.1 million in the prior-year period.

Total revenue rose 15.6% on an annual basis to CHF1.48 billion from CHF1.28 billion, and total operating expenses increased 15.4% on an annual basis to CHF1.40 billion from CHF1.21 billion.

Reported net income grew 5.0% year over year to CHF62.8 million, or CHF15.83 per share, from CHF59.8 million, or CHF14.99 per share.

For the year, the company's normalized net income totaled CHF18.51 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of CHF24.93.

EPS rose from CHF18.07 in the prior year.

Normalized net income was CHF73.7 million, an increase from CHF72.1 million in the prior year.

Full-year total revenue rose 8.0% on an annual basis to CHF2.72 billion from CHF2.52 billion, and total operating expenses grew 7.5% year over year to CHF2.59 billion from CHF2.40 billion.

The company said reported net income grew 8.0% on an annual basis to CHF94.8 million, or CHF23.80 per share, in the full year, from CHF87.7 million, or CHF22.00 per share.