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Scores Holding Q1 profit falls YOY

Scores Holding Co. Inc. said its normalized net income for the first quarter came to $27,880, a fall of 65.4% from $80,490 in the year-earlier period.

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

The normalized profit margin fell to 12.6% from 39.4% in the year-earlier period.

Total revenue climbed 8.6% year over year to $221,990 from $204,350, and total operating expenses grew from the prior-year period to $177,220 from $75,070.

Reported net income fell 80.0% on an annual basis to $30,210, or 0 cents per share, from $150,950, or 0 cents per share.