North West Co. Inc. said its normalized net income for the fiscal third quarter ended Oct. 31 amounted to 34 Canadian cents per share, a gain of 5.7% from 32 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 C$16.6 million, a gain of 5.9% from C$15.6 million in the year-earlier period.
The normalized profit margin fell to 4.0% from 4.0% in the year-earlier period.
Total revenue grew 6.8% year over year to C$413.5 million from C$387.2 million, and total operating expenses increased 7.0% year over year to C$385.8 million from C$360.6 million.
Reported net income grew year over year to C$18.0 million, or 37 cents per share, from C$17.5 million, or 36 cents per share.
