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Mewah International Q2 profit climbs YOY

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Mewah International Q2 profit climbs YOY

Mewah International Inc. said its second-quarter normalized net income came to $4.0 million, a rise from $1.2 million in the year-earlier period.

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

The normalized profit margin increased to 0.5% from 0.2% in the year-earlier period.

Total revenue climbed 20.4% year over year to $834.4 million from $692.8 million, and total operating expenses increased 21.5% from the prior-year period to $829.7 million from $683.0 million.

Reported net income grew 74.5% from the prior-year period to $1.9 million, or 0 cents per share, from $1.1 million, or 0 cents per share.