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PPHE Hotel Group profit holds relatively steady YOY in H2

4980960 said its normalized net income for the second half was 27 euro cents per share, compared with 27 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 €11.3 million, compared with €11.3 million in the prior-year period.

Total revenue increased 5.6% year over year to €119.0 million from €112.7 million, and total operating expenses rose from the prior-year period to €82.8 million from €79.5 million.

Reported net income rose on an annual basis to €18.7 million, or 45 cents per share, from €18.3 million, or 44 cents per share.

For the year, the company's normalized net income totaled 43 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 64 cents.

EPS rose 22.9% from 35 cents in the prior year.

Normalized net income was €17.8 million, a rise of 23.6% from €14.4 million in the prior year.

ull-year total revenue rose 6.1% on an annual basis to €222.8 million from €210.0 million, and total operating expenses grew on an annual basis to €160.5 million from PPHE Hotel Group Ltd