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Ark Restaurants fiscal Q1 profit climbs 23.5% YOY

4912626 said its normalized net income for the fiscal first quarter ended Dec. 27, 2014, came to 17 cents per share, an increase of 20.6% from 14 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 $606,880, a gain of 23.5% from $491,380 in the prior-year period.

The normalized profit margin increased to 1.8% from 1.5% in the year-earlier period.

otal revenue rose year over year to $33.4 million from $32.1 million, and total operating expenses increased on an annual basis to $ Ark Restaurants Corp..