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JB Foods Q3 profit climbs 70.7% YOY


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JB Foods Q3 profit climbs 70.7% YOY

JB Foods Ltd said its third-quarter normalized net income was $636,880, a gain of 70.7% from $373,130 in the prior-year period.

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

The normalized profit margin climbed to 0.9% from 0.6% in the year-earlier period.

Total revenue climbed 12.1% year over year to $69.9 million from $62.4 million, and total operating expenses increased 15.3% from the prior-year period to $69.8 million from $60.5 million.

Reported net income increased 41.3% from the prior-year period to $982,000, or 0 cents per share, from $695,000, or 0 cents per share.