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LJ Williams fiscal Q3 profit falls YOY

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.