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Evergreen Gaming Q1 profit climbs YOY

Evergreen Gaming Corp. said its first-quarter normalized net income came to $449,180, an increase from $438,330 in the year-earlier period.

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

The normalized profit margin fell to 5.6% from 5.8% in the year-earlier period.

Total revenue increased 5.9% year over year to $8.0 million from $7.5 million, and total operating expenses climbed 6.8% on an annual basis to $7.1 million from $6.7 million.

Reported net income increased from the prior-year period to $572,040, or 0 cents per share, from $556,840, or 0 cents per share.