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Frutí­cola Viconto Q2 profit climbs 24.8% YOY

Frutícola Viconto S.A. said its second-quarter normalized net income came to $856,250, a gain of 24.8% from $686,250 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 24.9% from 18.0% in the year-earlier period.

Total revenue fell 9.5% year over year to $3.4 million from $3.8 million, and total operating expenses declined 8.4% year over year to $4.0 million from $4.4 million.

Reported net income declined 59.2% year over year to $431,000, or 0 cents per share, from $1.1 million, or 0 cents per share.