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Dolphin Cove Q2 profit climbs YOY

Dolphin Cove Ltd said its second-quarter normalized net income amounted to J$856,720, an increase from J$817,020 in the year-earlier period.

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

The normalized profit margin rose to 22.2% from 19.9% in the year-earlier period.

Total revenue fell 6.1% on an annual basis to J$3.9 million from J$4.1 million, and total operating expenses fell 7.6% from the prior-year period to J$2.6 million from J$2.8 million.

Reported net income declined on an annual basis to J$1.3 million, or 0 cents per share, from J$1.3 million, or 0 cents per share.

As of Aug. 12, US$1 was equivalent to J$126.70.