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Viking Line Q2 profit climbs 62.5% YOY

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Viking Line Q2 profit climbs 62.5% YOY

Viking Line ABP said its second-quarter normalized net income came to 15 euro cents per share, a gain of 61.0% from 9 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €1.6 million, an increase of 62.5% from €1.0 million in the year-earlier period.

The normalized profit margin increased to 1.2% from 0.7% in the year-earlier period.

Total revenue declined on an annual basis to €134.1 million from €137.5 million, and total operating expenses totaled €131.8 million, compared with €132.9 million in the year-earlier period.

Reported net income grew 78.6% on an annual basis to €2.5 million, or 23 cents per share, from €1.4 million, or 13 cents per share.