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Gamehost Q3 profit falls YOY

Gamehost Inc. said its normalized net income for the third quarter came to 17 Canadian cents per share, a decrease from 17 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 C$4.2 million, a decrease from C$4.3 million in the year-earlier period.

The normalized profit margin climbed to 22.1% from 21.5% in the year-earlier period.

Total revenue decreased 6.9% on an annual basis to C$18.8 million from C$20.2 million, and total operating expenses fell on an annual basis to C$11.4 million from C$11.8 million.

Reported net income grew 47.0% on an annual basis to C$5.9 million, or 24 cents per share, from C$4.0 million, or 16 cents per share.