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Evergreen Gaming Q2 profit falls YOY

Evergreen Gaming Corp. said its normalized net income for the second quarter amounted to $627,400, a decline of 8.4% from $685,110 in the year-earlier period.

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

The normalized profit margin dropped to 7.5% from 8.0% in the year-earlier period.

Total revenue fell on an annual basis to $8.4 million from $8.6 million, and total operating expenses decreased year over year to $7.3 million from $7.4 million.

Reported net income fell 27.4% on an annual basis to $795,880, or 1 cents per share, from $1.1 million, or 1 cents per share.