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Royal Hawaiian Orchards Q3 loss narrows YOY

Royal Hawaiian Orchards L.P. said its third-quarter normalized net income amounted to a loss of 1 cents per share, compared with a loss of 1 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $117,500, compared with a loss of $120,630 in the year-earlier period.

The normalized profit margin increased to 0.0% from negative 2.6% in the year-earlier period.

Total revenue climbed 61.5% year over year to $7.6 million from $4.7 million, and total operating expenses grew 58.3% on an annual basis to $7.4 million from $4.7 million.

Reported net income totaled a loss of $17,000, or a loss of 0 cents per share, compared to a loss of $216,000, or a loss of 2 cents per share, in the year-earlier period.