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Blackmores fiscal Q1 profit climbs 60.3% YOY

Blackmores Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 came to A$7.5 million, a rise of 60.3% from A$4.7 million 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 7.7% from 5.6% in the year-earlier period.

Total revenue rose 17.2% year over year to A$98.5 million from A$84.0 million, and total operating expenses increased 13.4% from the prior-year period to A$85.3 million from A$75.2 million.

Reported net income came to A$8.7 million, compared with A$5.4 million in the year-earlier period.