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Park Lawn profit misses consensus by 16.4% in Q2

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Park Lawn profit misses consensus by 16.4% in Q2

4913969 said its normalized net income for the second quarter amounted to 11 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 13 cents per share.

EPS rose 19.0% year over year from 9 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$864,140, an increase of 63.3% from C$529,170 in the prior-year period.

The normalized profit margin declined to 4.6% from 7.7% in the year-earlier period.

Total revenue grew on an annual basis to C$18.7 million from C$6.8 million, and total operating expenses increased year over year to C$17.0 million from C$5.9 million.

eported net income increased 49.9% year over year to C$1.0 million, or 13 cents per share, from C$689,970, or 12 cents per share.Park Lawn Corp.

4913969 said its normalized net income for the second quarter amounted to 11 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 13 cents per share.