Tatry Mountain Resorts AS said its normalized net income for the fiscal first half ended April 30 came to 51 euro cents per share, an increase of 43.1% from 35 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €3.4 million, an increase of 43.1% from €2.4 million in the year-earlier period.

Total revenue rose 15.6% on an annual basis to €46.8 million from €40.5 million, and total operating expenses grew 15.3% year over year to €36.7 million from €31.8 million.

Reported net income increased 52.1% from the prior-year period to €5.7 million, or 85 cents per share, from €3.8 million, or 56 cents per share.