Salada Foods Jamaica Ltd. said its normalized net income for the fiscal second quarter ended March 31 amounted to 25 Jamaican cents per share, an increase from 9 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 J$26.3 million, a gain from J$9.4 million in the prior-year period.
The normalized profit margin climbed to 10.5% from 7.6% in the year-earlier period.
Total revenue increased 77.5% year over year to J$220.4 million from J$124.2 million, and total operating expenses climbed 65.8% from the prior-year period to J$186.4 million from J$112.4 million.
Reported net income increased year over year to J$32.2 million, or 31 cents per share, from J$10.2 million, or 10 cents per share.
As of May 12, US$1 was equivalent to J$115.61.
