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Gaming Partners International Q2 profit climbs YOY

Gaming Partners International Corp. said its second-quarter normalized net income was 22 cents per share, an increase from 3 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.8 million, a gain from $231,250 in the year-earlier period.

The normalized profit margin increased to 8.8% from 1.4% in the year-earlier period.

Total revenue climbed 25.2% year over year to $20.3 million from $16.2 million, and total operating expenses grew 10.7% from the prior-year period to $17.5 million from $15.8 million.

Reported net income totaled $2.1 million, or 26 cents per share, compared to a loss of $158,580, or a loss of 2 cents per share, in the prior-year period.