Leon's Furniture Ltd. said its first-quarter normalized net income was C$3.5 million, a gain from C$807,500 in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin increased to 0.8% from 0.2% in the year-earlier period.
Total revenue totaled C$423.0 million, compared with C$426.0 million in the prior-year period, and total operating expenses decreased year over year to C$413.0 million from C$419.5 million.
Reported net income rose on an annual basis to C$4.8 million, or 6 cents per share, from C$2.0 million, or 2 cents per share.
