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AMCON Distributing fiscal Q3 profit climbs 47.9% YOY

4013910 said its normalized net income for the fiscal third quarter ended June 30 amounted to $2.81 per share, a gain of 45.7% from $1.93 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $2.1 million, an increase of 47.9% from $1.4 million in the prior-year period.

The normalized profit margin rose to 0.9% from 0.6% in the year-earlier period.

otal revenue rose on an annual basis to $233.0 million from $222.2 million, and total operating expenses increased on an AMCON Distributing Co.