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Leptos Calypso Hotels Public swings to profit in H1

Leptos Calypso Hotels Public Ltd. said its first-half normalized net income amounted to 3 euro cents per share, compared with a loss of 1 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 €3.9 million, compared with a loss of €1.8 million in the prior-year period.

Total revenue declined on an annual basis to €8.9 million from €9.2 million, and total operating expenses increased from the prior-year period to €9.9 million from €9.7 million.

Reported net income came to €6.1 million, or 5 cents per share, compared to a loss of €3.0 million, or a loss of 2 cents per share, in the prior-year period.