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Premium Brands profit beats consensus by 37.3% in fiscal Q1

4912895 said its normalized net income for the fiscal first quarter ended March 28 amounted to C$4.7 million, a gain from C$176,380 in the prior-year period.

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

The normalized profit margin rose to 1.4% from 0.1% in the year-earlier period.

otal revenue rose 24.6% on an annual basis to C$332.6 million from C$266.9 million, and total operating expenses increased 22.5% Premium Brands Holdings Corp..