BlueRush Inc. said its normalized net income for the fiscal second quarter ended Jan. 31 amounted to C$47,370, a fall of 42.2% from C$81,940 in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin declined to 4.8% from 8.2% in the year-earlier period.
Total revenue fell on an annual basis to C$988,340 from C$1.0 million, and total operating expenses climbed year over year to C$889,280 from C$863,610.
Reported net income fell 25.0% on an annual basis to C$97,780, or 0 cents per share, from C$130,370, or 0 cents per share.
