Gamehost Inc. said its first-quarter normalized net income came to 17 Canadian cents per share, a decrease of 5.1% from 18 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$4.1 million, a decline of 7.0% from C$4.5 million in the year-earlier period.
The normalized profit margin declined to 20.9% from 21.7% in the year-earlier period.
Total revenue declined on an annual basis to C$19.8 million from C$20.5 million, and total operating expenses held steady year over year at C$12.3 million.
Reported net income decreased 8.6% year over year to C$5.3 million, or 21 cents per share, from C$5.8 million, or 23 cents per share.
