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Lampsa Hellenic Hotels swings to profit in H1

Lampsa Hellenic Hotels S.A. said its normalized net income for the first half was €743,630, compared with a loss of €107,000 in the year-earlier period.

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

Total revenue decreased year over year to €22.5 million from €23.5 million, and total operating expenses declined from the prior-year period to €20.9 million from €21.9 million.

Reported net income totaled €416,000, or 2 cents per share, compared to a loss of €153,000, or a loss of 1 cents per share, in the prior-year period.