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Dolphin Cove Q2 profit climbs 5.1% YOY

Dolphin Cove Ltd said its second-quarter normalized net income came to J$817,020, a rise of 5.1% from J$777,380 in the year-earlier period.

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

The normalized profit margin climbed to 19.9% from 18.8% in the year-earlier period.

Total revenue came to J$4.1 million, compared with J$4.1 million in the year-earlier period, and total operating expenses decreased year over year to J$2.8 million from J$2.9 million.

Reported net income rose 4.9% year over year to J$1.3 million, or 0 cents per share, from J$1.2 million, or 0 cents per share.

As of Aug. 17, US$1 was equivalent to J$117.14.