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Société Française de Casinos fiscal H2 profit climbs YOY

Société Française de Casinos SA said its normalized net income for the fiscal second half ended Oct. 31, 2015, amounted to €153,000, a gain from €31,000 in the year-earlier period.

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

Total revenue rose 6.6% year over year to €6.6 million from €6.2 million, and total operating expenses climbed on an annual basis to €6.2 million from €6.0 million.

Reported net income increased on an annual basis to €364,400, or 7 cents per share, from €73,820, or 1 cents per share.

For the year, the company's normalized net income totaled 5 cents per share, compared with a loss of 3 cents per share in the prior year.

Normalized net income was €261,750, compared with a loss of €137,130 in the prior year.

Full-year total revenue rose year over year to €12.3 million from €12.2 million, and total operating expenses decreased year over year to €11.6 million from €12.1 million.

The company said reported net income totaled €532,170, or 10 cents per share, in the full year, compared with a loss of €184,960, or a loss of 4 cents per share, the prior year.