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Dolphin Cove Q3 profit falls YOY

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Dolphin Cove Q3 profit falls YOY

Dolphin Cove Ltd said its normalized net income for the third quarter amounted to J$600,620, a fall of 12.0% from J$682,770 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 15.7% from 17.7% in the year-earlier period.

Total revenue totaled J$3.8 million, compared with J$3.8 million in the prior-year period, and total operating expenses totaled J$2.8 million, compared with J$2.8 million in the year-earlier period.

Reported net income declined 18.4% on an annual basis to J$880,450, or 0 cents per share, from J$1.1 million, or 0 cents per share.

As of Nov. 14, US$1 was equivalent to J$129.30.