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Royal Hawaiian Orchards swings to loss in Q2

Royal Hawaiian Orchards L.P. said its normalized net income for the second quarter was a loss of $271,250, compared with income of $70,630 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to negative 4.5% from 1.4% in the year-earlier period.

Total revenue climbed 19.5% on an annual basis to $6.1 million from $5.1 million, and total operating expenses climbed 31.3% year over year to $6.3 million from $4.8 million.

Reported net income came to a loss of $497,000, or a loss of 4 cents per share, compared to income of $71,000, or 1 cents per share, in the year-earlier period.