Coffee Holding Co. Inc. said its normalized net income for the fiscal second quarter ended April 30 amounted to 13 cents per share, compared with a loss of 32 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 $816,040, compared with a loss of $2.0 million in the prior-year period.
The normalized profit margin climbed to 3.8% from negative 6.6% in the year-earlier period.
Total revenue declined 29.3% year over year to $21.4 million from $30.3 million, and total operating expenses declined 40.0% year over year to $20.1 million from $33.4 million.
Reported net income came to $830,800, or 14 cents per share, compared to a loss of $2.1 million, or a loss of 33 cents per share, in the year-earlier period.