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ZoomerMedia fiscal Q1 profit climbs 46.7% YOY

ZoomerMedia Ltd. said its normalized net income for the fiscal first quarter ended Nov. 30, 2015, came to C$1.5 million, a rise of 46.7% from C$991,440 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 9.5% from 6.5% in the year-earlier period.

Total revenue totaled C$15.3 million, compared with C$15.3 million in the year-earlier period, and total operating expenses fell on an annual basis to C$12.7 million from C$13.3 million.

Reported net income grew 49.8% on an annual basis to C$1.7 million, or 0 cents per share, from C$1.1 million, or 0 cents per share.