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SkiStar fiscal Q2 profit climbs 19.6% YOY

SkiStar AB said its normalized net income for the fiscal second quarter ended Feb. 28 came to 8.30 Swedish kronor per share, compared with the S&P Capital IQ consensus estimate of 8.90 kronor per share.

EPS climbed 19.6% year over year from 6.95 kronor.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 325.5 million kronor, an increase of 19.6% from 272.2 million kronor in the year-earlier period.

The normalized profit margin increased to 30.3% from 27.6% in the year-earlier period.

Total revenue grew 10.3% year over year to 1.09 billion kronor from 985.1 million kronor, and total operating expenses grew on an annual basis to 560.0 million kronor from 542.0 million kronor.

Reported net income increased 11.5% year over year to 398.5 million kronor, or 10.17 kronor per share, from 357.4 million kronor, or 9.12 kronor per share.

As of March 19, US$1 was equivalent to 8.69 Swedish kronor.