Food Empire Holdings Ltd. said its normalized net income for the third quarter amounted to $4.3 million, a rise from $97,750 in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin climbed to 6.5% from 0.2% in the year-earlier period.
Total revenue increased 10.7% year over year to $68.3 million from $61.7 million, and total operating expenses rose 9.6% year over year to $60.3 million from $55.0 million.
Reported net income increased on an annual basis to $5.8 million, or 1 cents per share, from $586,020, or 0 cents per share.