Carreras Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 11 Jamaican cents per share, a gain of 16.6% from 9 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 J$510.9 million, a gain of 16.6% from J$438.2 million in the prior-year period.
The normalized profit margin dropped to 19.2% from 19.5% in the year-earlier period.
Total revenue climbed 18.4% on an annual basis to J$2.66 billion from J$2.24 billion, and total operating expenses climbed 17.9% from the prior-year period to J$1.88 billion from J$1.59 billion.
Reported net income rose 26.3% year over year to J$613.7 million, or 13 cents per share, from J$485.8 million, or 10 cents per share.
As of Nov. 14, US$1 was equivalent to J$112.85.
