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MCBC Holdings fiscal Q3 profit climbs YOY

MCBC Holdings Inc. said its normalized net income for the fiscal third quarter ended March 29 came to 29 cents per share, an increase of 89.7% from 15 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 $3.7 million, an increase from $1.7 million in the year-earlier period.

The normalized profit margin climbed to 7.3% from 3.9% in the year-earlier period.

Total revenue rose 23.9% on an annual basis to $54.3 million from $43.8 million, and total operating expenses grew 17.7% year over year to $46.7 million from $39.7 million.

Reported net income decreased 94.3% year over year to $106,820, or 1 cents per share, from $1.9 million, or 17 cents per share.