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Aalborg Boldspilklub A/S posts H2 profit

Aalborg Boldspilklub A/S said its second-half normalized net income amounted to 589,380 kroner.

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

Total revenue totaled 39.9 million kroner, and total operating expenses totaled 39.0 million kroner.

Reported net income came to 943,000 kroner.

For the year, the company's normalized net income totaled 1.01 kroner per share, a fall of 98.7% from 77.37 kroner per share in the prior year.

Normalized net income was 338,130 kroner, a decline of 98.7% from 25.8 million kroner in the prior year.

Full-year total revenue fell 38.2% from the prior-year period to 78.8 million kroner from 127.5 million kroner, and total operating expenses decreased 8.2% year over year to 78.2 million kroner from 85.2 million kroner.

The company said reported net income decreased 98.7% year over year to 541,000 kroner, or 1.62 kroner per share, in the full year, from 41.3 million kroner, or 123.87 kroner per share.

As of March 7, US$1 was equivalent to 6.79 Danish kroner.