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Salamis Tours H1 profit climbs YOY

Salamis Tours (Holdings) Public Ltd. said its first-half normalized net income amounted to €862,490, a rise from €14,910 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue climbed year over year to €14.6 million from €14.0 million, and total operating expenses decreased on an annual basis to €13.5 million from €13.9 million.

Reported net income came to €1.5 million, or 4 cents per share, compared to a loss of €29,780, or a loss of 0 cents per share, in the prior-year period.