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Evergreen Gaming Q3 profit falls YOY

Evergreen Gaming Corp. said its third-quarter normalized net income came to $522,860, a fall of 18.9% from $644,880 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to 6.2% from 7.7% in the year-earlier period.

Total revenue climbed year over year to $8.4 million from $8.4 million, and total operating expenses grew on an annual basis to $7.5 million from $7.2 million.

Reported net income decreased 35.8% from the prior-year period to $662,920, or 1 cents per share, from $1.0 million, or 1 cents per share.