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Reef Casino Trust H1 profit falls YOY

Reef Casino Trust said its first-half normalized net income was A$1.9 million, a decrease of 7.9% from A$2.0 million in the prior-year period.

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

Total revenue declined year over year to A$11.2 million from A$11.6 million, and total operating expenses grew from the prior-year period to A$5.1 million from A$5.0 million.

Reported net income came to A$3.0 million, compared with A$3.2 million in the year-earlier period.