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Musee Grevin fiscal H2 profit falls YOY

Musée Grévin SA said its normalized net income for the fiscal second half ended Sept. 30, 2015, came to €1.85 per share, a decrease of 22.0% from €2.37 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €927,170, a decrease of 22.2% from €1.2 million in the year-earlier period.

Total revenue declined year over year to €6.5 million from €6.8 million, and total operating expenses climbed from the prior-year period to €5.0 million from €4.9 million.

Reported net income declined 40.6% on an annual basis to €730,340, or €1.45 per share, from €1.2 million, or €2.44 per share.

For the year, the company's normalized net income totaled €3.23 per share, a decrease of 27.1% from €4.43 per share in the prior year.

Normalized net income was €1.6 million, a decline of 27.1% from €2.2 million in the prior year.

Full-year total revenue declined from the prior-year period to €12.7 million from €13.2 million, and total operating expenses grew year over year to €10.1 million from €9.7 million.

The company said reported net income declined 38.7% on an annual basis to €1.5 million, or €2.98 per share, in the full year, from €2.5 million, or €4.87 per share.