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Tatry Mountain Resorts fiscal H1 profit climbs 42.3% YOY


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Tatry Mountain Resorts fiscal H1 profit climbs 42.3% YOY

Tatry Mountain Resorts AS said its normalized net income for the fiscal first half ended April 30 was 35 euro cents per share, an increase of 42.3% from 25 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 €2.4 million, an increase of 42.3% from €1.7 million in the prior-year period.

Total revenue rose 23.4% year over year to €40.2 million from €32.6 million, and total operating expenses climbed 13.7% from the prior-year period to €31.6 million from €27.8 million.

Reported net income grew 35.5% year over year to €3.8 million, or 56 cents per share, from €2.8 million, or 41 cents per share.