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SnowWorld fiscal H1 profit climbs 39.6% YOY

SnowWorld NV said its normalized net income for the fiscal first half ended March 31 came to €1.17 per share, a gain of 6.6% from €1.10 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €3.4 million, an increase of 39.6% from €2.5 million in the year-earlier period.

Total revenue fell on an annual basis to €18.0 million from €18.4 million, and total operating expenses declined 14.7% from the prior-year period to €11.4 million from €13.3 million.

Reported net income rose 56.2% year over year to €4.2 million, or €1.42 per share, from €2.7 million, or €1.19 per share.