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West Indian Tobacco Q1 profit climbs 6.9% YOY

West Indian Tobacco Co. Ltd. said its normalized net income for the first quarter was TT$1.02 per share, a gain of 7.2% from 95 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 TT$85.5 million, an increase of 6.9% from TT$80.0 million in the prior-year period.

The normalized profit margin increased to 38.3% from 37.2% in the year-earlier period.

Total revenue grew year over year to TT$223.5 million from TT$215.0 million, and total operating expenses totaled TT$86.7 million, compared with TT$87.1 million in the prior-year period.

Reported net income rose on an annual basis to TT$98.2 million, or TT$1.17 per share, from TT$96.8 million, or TT$1.15 per share.

As of April 21, US$1 was equivalent to TT$6.33.