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Mediagrif Interactive Technologies fiscal Q3 profit climbs 25.4% YOY

Mediagrif Interactive Technologies Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was 28 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 28 cents per share.

EPS rose 30.9% year over year from 22 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$4.3 million, a gain of 25.4% from C$3.4 million in the year-earlier period.

The normalized profit margin climbed to 23.0% from 19.4% in the year-earlier period.

Total revenue rose 5.7% on an annual basis to C$18.5 million from C$17.5 million, and total operating expenses fell on an annual basis to C$11.9 million from C$12.1 million.

Reported net income rose 19.6% year over year to C$4.9 million, or 32 cents per share, from C$4.1 million, or 26 cents per share.