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Viking Line Q3 profit climbs 32.4% YOY

Viking Line ABP said its third-quarter normalized net income amounted to €1.58 per share, a gain of 31.6% from €1.20 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €17.1 million, an increase of 32.4% from €12.9 million in the year-earlier period.

The normalized profit margin climbed to 10.4% from 8.1% in the year-earlier period.

Total revenue rose year over year to €164.1 million from €160.1 million, and total operating expenses declined year over year to €133.9 million from €138.1 million.

Reported net income rose 31.7% on an annual basis to €22.0 million, or €2.03 per share, from €16.7 million, or €1.55 per share.