Hügli Holding AG said its normalized net income for the first half came to CHF20.47 per share, an increase from CHF20.23 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was CHF9.9 million, a gain from CHF9.7 million in the year-earlier period.

Total revenue totaled CHF183.0 million, compared with CHF181.4 million in the year-earlier period, and total operating expenses came to CHF166.7 million, compared with CHF165.4 million in the prior-year period.

Reported net income grew from the prior-year period to CHF11.9 million, or CHF24.73 per share, from CHF11.7 million, or CHF24.36 per share.