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Alta Natural Herbs fiscal Q4 loss widens YOY

Alta Natural Herbs & Supplements Ltd. said its normalized net income for the fiscal fourth quarter ended Oct. 31, 2015, amounted to a loss of C$74,630, compared with a loss of C$29,730 in the year-earlier period.

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

The normalized profit margin fell to negative 40.3% from negative 29.0% in the year-earlier period.

Total revenue climbed 80.4% year over year to C$185,080 from C$102,620, and total operating expenses rose year over year to C$287,240 from C$131,680.

Reported net income came to a loss of C$119,410, or a loss of 0 cents per share, compared to a loss of C$47,570, or a loss of 0 cents per share, in the prior-year period.

For the year, the company's normalized net income totaled C$341,240, compared with income of C$19,790 in the prior year.

Full-year total revenue grew 74.4% year over year to C$650,860 from C$373,130, and total operating expenses increased 239.1% year over year to C$1.2 million from C$347,330.

The company said reported net income totaled a loss of C$545,980, or a loss of 2 cents per share, in the full year, compared with income of C$31,670, or 0 cents per share, the prior year.