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Delta Corp. Ltd. fiscal-year profit falls YOY

Delta Corp. Ltd said its normalized net income for the fiscal full year ended March 31 came to 6 cents per share, a decline of 9.8% from 7 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 $75.2 million, a decrease of 10.1% from $83.7 million in the prior-year period.

The normalized profit margin dropped to 14.9% from 16.1% in the year-earlier period.

Total revenue decreased on an annual basis to $503.4 million from $518.9 million, and total operating expenses totaled $392.3 million, compared with $389.1 million in the prior-year period.

Reported net income decreased 11.2% from the prior-year period to $91.1 million, or 7 cents per share, from $102.6 million, or 8 cents per share.