Inter-Rock Minerals Inc. said its normalized net income for the third quarter came to $241,250, a gain from $20,630 in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin increased to 2.9% from 0.7% in the year-earlier period.
Total revenue increased on an annual basis to $8.3 million from $2.8 million, and total operating expenses grew year over year to $7.9 million from $2.8 million.
Reported net income grew year over year to $386,000, or 2 cents per share, from $33,000, or 0 cents per share.