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Gaming Partners International Q4 profit climbs YOY

Gaming Partners International Corp. said its fourth-quarter normalized net income was 42 cents per share, a gain from 13 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 $3.4 million, a gain from $1.1 million in the prior-year period.

The normalized profit margin rose to 14.4% from 5.3% in the year-earlier period.

Total revenue rose 17.8% on an annual basis to $23.5 million from $19.9 million, and total operating expenses declined year over year to $17.8 million from $18.3 million.

Reported net income grew 59.8% from the prior-year period to $3.5 million, or 43 cents per share, from $2.2 million, or 27 cents per share.

For the year, the company's normalized net income totaled 76 cents per share, an increase from 19 cents per share in the prior year.

Normalized net income was $6.1 million, an increase from $1.5 million in the prior year.

Full-year total revenue rose 28.3% year over year to $78.2 million from $61.0 million, and total operating expenses grew 16.2% on an annual basis to $68.3 million from $58.8 million.

The company said reported net income grew year over year to $6.9 million, or 86 cents per share, in the full year, from $2.6 million, or 33 cents per share.