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Imperial Ginseng Products fiscal Q3 loss narrows YOY


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Imperial Ginseng Products fiscal Q3 loss narrows YOY

Imperial Ginseng Products Ltd. said its normalized net income for the fiscal third quarter ended March 31 came to a loss of C$59,490, compared with a loss of C$91,270 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 4.6% from negative 13.1% in the year-earlier period.

Total revenue grew on an annual basis to C$1.6 million from C$698,470, and total operating expenses climbed 63.5% from the prior-year period to C$1.5 million from C$894,900.

Reported net income declined 12.2% from the prior-year period to C$1.0 million, or 14 cents per share, from C$1.2 million, or 28 cents per share.