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Mewah International Q3 profit climbs YOY

Mewah International Inc. said its third-quarter normalized net income was $9.8 million, an increase from $1.4 million in the year-earlier period.

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

The normalized profit margin rose to 1.3% from 0.2% in the year-earlier period.

Total revenue totaled $757.0 million, compared with $749.9 million in the year-earlier period, and total operating expenses grew on an annual basis to $747.6 million from $714.3 million.

Reported net income grew year over year to $10.5 million, or 1 cents per share, from $1.3 million, or 0 cents per share.