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SnowWorld fiscal H1 profit climbs 12.3% YOY

SnowWorld NV said its normalized net income for the fiscal first half ended March 31 amounted to €1.28 per share, an increase of 12.2% from €1.14 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €3.9 million, an increase of 12.3% from €3.4 million in the prior-year period.

Total revenue rose year over year to €18.7 million from €18.0 million, and total operating expenses climbed on an annual basis to €11.6 million from €11.4 million.

Reported net income rose 11.7% on an annual basis to €4.7 million, or €1.54 per share, from €4.2 million, or €1.38 per share.