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Viking Line Q4 profit climbs YOY

Viking Line ABP said its fourth-quarter normalized net income amounted to 20 euro cents per share, a gain from 8 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €2.2 million, a gain from €812,500 in the prior-year period.

The normalized profit margin climbed to 1.7% from 0.6% in the year-earlier period.

Total revenue totaled €127.6 million, compared with €126.6 million in the year-earlier period, and total operating expenses climbed year over year to €123.7 million from €122.4 million.

Reported net income declined 91.1% on an annual basis to €2.5 million, or 23 cents per share, from €28.1 million, or €2.60 per share.

For the year, the company's normalized net income totaled €1.34 per share, an increase from 26 cents per share in the prior year.

Normalized net income was €14.4 million, an increase from €2.8 million in the prior year.

Full-year total revenue totaled €530.7 million, compared with €527.7 million in the prior year, and total operating expenses declined on an annual basis to €504.2 million from €513.9 million.

The company said reported net income decreased 38.9% on an annual basis to €18.7 million, or €1.73 per share, in the full year, from €30.6 million, or €2.83 per share.