North West Co. Inc. said its normalized net income for the fiscal second quarter ended July 31 came to 31 Canadian cents per share, a decline of 6.2% from 33 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 C$15.3 million, a decrease of 6.1% from C$16.3 million in the prior-year period.
The normalized profit margin declined to 3.8% from 4.2% in the year-earlier period.
Total revenue climbed year over year to C$401.1 million from C$388.6 million, and total operating expenses climbed on an annual basis to C$375.0 million from C$360.9 million.
Reported net income declined 5.3% on an annual basis to C$17.1 million, or 35 cents per share, from C$18.0 million, or 37 cents per share.
