Nobility Homes Inc. said its normalized net income for the fiscal first quarter ended Jan. 30 was 16 cents per share, an increase from 7 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $644,350, an increase from $300,620 in the year-earlier period.

The normalized profit margin rose to 8.7% from 5.4% in the year-earlier period.

Total revenue climbed 32.2% on an annual basis to $7.4 million from $5.6 million, and total operating expenses rose 24.2% on an annual basis to $6.4 million from $5.2 million.

Reported net income rose 40.3% from the prior-year period to $684,410, or 17 cents per share, from $487,710, or 12 cents per share.