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Merlin Entertainments fiscal H1 profit climbs 22.5% YOY

Merlin Entertainments Group said its normalized net income for the fiscal first half ended June 27 amounted to 3 Great British pence per share, compared with the S&P Capital IQ consensus estimate of 3 pence per share.

EPS increased 22.4% year over year from 2 pence.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £30.6 million, an increase of 22.5% from £25.0 million in the prior-year period.

Total revenue increased 6.0% on an annual basis to £544.0 million from £513.0 million, and total operating expenses rose 7.0% year over year to £473.0 million from £442.0 million.

Reported net income fell 10.6% from the prior-year period to £25.4 million, or 2 pence per share, from £28.4 million, or 3 pence per share.