L.J. Williams Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 11 Trinidad and Tobago cents per share, an increase from 3 cents per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was TT$1.7 million, a decline from TT$1.8 million in the year-earlier period.
The normalized profit margin fell to 4.5% from 5.2% in the year-earlier period.
Total revenue grew 12.5% on an annual basis to TT$38.3 million from TT$34.0 million, and total operating expenses increased 13.6% year over year to TT$34.2 million from TT$30.2 million.
Reported net income declined year over year to TT$2.6 million, or 17 cents per share, from TT$2.7 million, or 5 cents per share.
As of Jan. 26, US$1 was equivalent to TT$6.45.