Koda Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, came to $571,130, a gain of 34.6% from $424,250 in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin increased to 4.5% from 3.1% in the year-earlier period.
Total revenue decreased 6.1% year over year to $12.7 million from $13.6 million, and total operating expenses decreased 7.1% from the prior-year period to $12.0 million from $12.9 million.
Reported net income rose 22.1% on an annual basis to $519,000, or 1 cents per share, from $425,000, or 1 cents per share.
