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Bluegreen H1 profit falls YOY

Bluegreen Vacations Corp. said its normalized net income for the first half amounted to $27.2 million, a decline of 13.0% from $31.2 million in the year-earlier period.

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

Total revenue climbed on an annual basis to $242.2 million from $239.6 million, and total operating expenses grew 5.9% from the prior-year period to $213.6 million from $201.7 million.

Reported net income totaled $28.3 million, compared with $32.4 million in the year-earlier period.