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Agrokasa Holdings Q3 profit climbs YOY

Agrokasa Holdings SA said its third-quarter normalized net income came to 12 cents per share, a gain from 2 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $7.7 million, a gain from $1.3 million in the prior-year period.

The normalized profit margin increased to 23.4% from 5.8% in the year-earlier period.

Total revenue climbed 53.9% on an annual basis to $33.0 million from $21.4 million, and total operating expenses grew 10.8% year over year to $18.9 million from $17.1 million.

Reported net income increased on an annual basis to $12.4 million, or 19 cents per share, from $1.8 million, or 3 cents per share.