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OPAP Q4 profit climbs YOY

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OPAP Q4 profit climbs YOY

Greek Organization of Football Prognostics SA said its fourth-quarter normalized net income came to 18 euro cents per share, compared with the S&P Capital IQ consensus estimate of 16 cents per share.

EPS rose year over year from 17 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €56.4 million, a gain from €55.7 million in the year-earlier period.

The normalized profit margin was 31.8%.

Reported net income fell 32.1% from the prior-year period to €51.7 million, or 16 cents per share, from €76.0 million, or 24 cents per share.

For the year, the company's normalized net income totaled 62 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 65 cents.

EPS rose 8.2% from 57 cents in the prior year.

Normalized net income was €196.9 million, a gain of 8.1% from €182.1 million in the prior year.

Full-year total revenue grew from the prior-year period to €625.3 million from €613.5 million, and total operating expenses declined year over year to €307.6 million from €317.7 million.

The company said reported net income grew 8.1% on an annual basis to €210.7 million, or 66 cents per share, in the full year, from €195.0 million, or 61 cents per share.