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Canterbury Park Holding Q3 profit climbs 5.1% YOY

Canterbury Park Holding Corp. said its third-quarter normalized net income was 14 cents per share, an increase from 13 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 $604,480, a gain of 5.1% from $575,260 in the year-earlier period.

The normalized profit margin rose to 3.6% from 3.4% in the year-earlier period.

Total revenue came to $16.6 million, compared with $16.7 million in the year-earlier period, and total operating expenses totaled $15.7 million, compared with $15.8 million in the year-earlier period.

Reported net income grew 11.7% on an annual basis to $907,790, or 21 cents per share, from $813,060, or 19 cents per share.