Crystal Rock Holdings Inc. said its normalized net income for the fiscal third quarter ended July 31 came to $735,000, an increase from $50,730 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 4.5% from 0.3% in the year-earlier period.
Total revenue declined 15.2% year over year to $16.4 million from $19.3 million, and total operating expenses decreased 21.2% year over year to $14.8 million from $18.8 million.
Reported net income came to $640,750, or 3 cents per share, compared to a loss of $213,580, or a loss of 1 cents per share, in the prior-year period.