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Musee Grevin fiscal H1 profit falls YOY

Musée Grévin SA said its normalized net income for the fiscal first half ended March 31 came to 23 euro cents per share, a decrease of 83.5% from €1.39 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €115,530, a decrease of 83.5% from €698,660 in the prior-year period.

Total revenue decreased 12.5% year over year to €5.5 million from €6.3 million, and total operating expenses rose on an annual basis to €5.3 million from €5.1 million.

Reported net income declined 75.8% year over year to €187,050, or 37 cents per share, from €771,780, or €1.53 per share.