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Evergreen Gaming Q1 profit climbs 15.9% YOY

Evergreen Gaming Corp. said its first-quarter normalized net income amounted to $520,660, a rise of 15.9% from $449,180 in the year-earlier period.

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

The normalized profit margin climbed to 6.3% from 5.6% in the year-earlier period.

Total revenue increased year over year to $8.3 million from $8.0 million, and total operating expenses climbed year over year to $7.3 million from $7.1 million.

Reported net income rose 15.2% year over year to $659,210, or 1 cents per share, from $572,040, or 0 cents per share.