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Sportech H1 profit climbs 82.6% YOY

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Sportech H1 profit climbs 82.6% YOY

Sportech PLC said its first-half normalized net income amounted to £2.6 million, an increase of 82.6% from £1.4 million in the prior-year period.

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

Total revenue decreased year over year to £51.0 million from £52.6 million, and total operating expenses fell 7.1% year over year to £44.6 million from £48.0 million.

Reported net income fell 94.1% from the prior-year period to £4.0 million, or 2 pence per share, from £68.9 million, or 32 pence per share.