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Dover Downs Gaming Q2 profit climbs 61.4% YOY

Dover Downs Gaming & Entertainment Inc. said its normalized net income for the second quarter was 3 cents per share, an increase of 60.8% from 2 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $806,880, a gain of 61.4% from $500,000 in the year-earlier period.

The normalized profit margin rose to 1.7% from 1.1% in the year-earlier period.

Total revenue climbed on an annual basis to $46.2 million from $45.0 million, and total operating expenses increased on an annual basis to $44.7 million from $43.9 million.

Reported net income totaled $644,040, or 2 cents per share, compared to $641,720, or 2 cents per share, in the year-earlier period.