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Gamehost Q3 profit falls YOY

Gamehost Inc. said its normalized net income for the third quarter was 13 Canadian cents per share, a decrease of 22.3% from 17 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 C$3.3 million, a decline of 21.6% from C$4.2 million in the year-earlier period.

The normalized profit margin fell to 19.2% from 22.1% in the year-earlier period.

Total revenue decreased 9.6% on an annual basis to C$17.0 million from C$18.8 million, and total operating expenses decreased year over year to C$11.0 million from C$11.4 million.

Reported net income declined 28.6% from the prior-year period to C$4.2 million, or 17 cents per share, from C$5.9 million, or 24 cents per share.