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Iplayco fiscal Q1 profit climbs YOY

Iplayco Corp. Ltd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, came to C$188,410, a gain from C$24,690 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 4.3% from 0.8% in the year-earlier period.

Total revenue climbed 47.9% on an annual basis to C$4.3 million from C$2.9 million, and total operating expenses increased 33.0% from the prior-year period to C$3.9 million from C$2.9 million.

Reported net income grew on an annual basis to C$156,270, or 1 cent per share, from C$24,210, or 0 cents per share.