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Gaming Partners International Q3 profit falls YOY

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Gaming Partners International Q3 profit falls YOY

Gaming Partners International Corp. said its third-quarter normalized net income amounted to 17 cents per share, a decrease of 21.6% from 21 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.3 million, a decrease of 21.2% from $1.7 million in the prior-year period.

The normalized profit margin fell to 6.8% from 8.4% in the year-earlier period.

Total revenue decreased year over year to $19.8 million from $20.3 million, and total operating expenses totaled $17.8 million, compared with $17.7 million in the prior-year period.

Reported net income decreased 39.7% year over year to $1.7 million, or 21 cents per share, from $2.8 million, or 35 cents per share.