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Tivoli A/S Q2 profit climbs 41.6% YOY

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Tivoli A/S Q2 profit climbs 41.6% YOY

Tivoli A/S said its normalized net income for the second quarter was 2.38 Danish kroner per share, a gain of 41.5% from 1.68 kroner per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 13.6 million kroner, an increase of 41.6% from 9.6 million kroner in the prior-year period.

The normalized profit margin climbed to 5.2% from 4.1% in the year-earlier period.

Total revenue grew 11.6% on an annual basis to 262.9 million kroner from 235.5 million kroner, and total operating expenses rose 9.5% year over year to 239.8 million kroner from 218.9 million kroner.

Reported net income increased 56.8% from the prior-year period to 17.4 million kroner, or 3.04 kroner per share, from 11.1 million kroner, or 1.94 kroner per share.

As of Aug. 14, US$1 was equivalent to 6.72 Danish kroner.