Prestige Holdings Ltd. said its normalized net income for the fiscal first quarter ended Feb. 28 came to 17 Trinidad and Tobago cents per share, a decrease of 10.5% from 19 cents per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was TT$10.4 million, a decline of 9.2% from TT$11.4 million in the prior-year period.
The normalized profit margin dropped to 4.4% from 5.1% in the year-earlier period.
Total revenue increased year over year to TT$233.7 million from TT$226.0 million, and total operating expenses rose 5.1% on an annual basis to TT$214.9 million from TT$204.5 million.
Reported net income decreased year over year to TT$11.7 million, or 19 cents per share, from TT$12.0 million, or 20 cents per share.
As of March 31, US$1 was equivalent to TT$6.37.
