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Castle Group Q3 profit climbs YOY

Castle Group Inc. said its normalized net income for the third quarter came to $174,620, an increase from $16,060 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to 1.5% from 0.3% in the year-earlier period.

Total revenue rose 10.8% year over year to $7.0 million from $6.3 million, and total operating expenses climbed 7.0% on an annual basis to $6.7 million from $6.2 million.

Reported net income totaled $208,500, or 1 cents per share, compared to a loss of $20,110, or a loss of 0 cents per share, in the year-earlier period.