Sir Royalty Income Fund said its normalized net income for the third quarter amounted to 19 Canadian cents per share, an increase from 19 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 C$1.9 million, a gain of 6.9% from C$1.8 million in the prior-year period.
The normalized profit margin increased to 60.7% from 60.6% in the year-earlier period.
Total revenue climbed 6.8% year over year to C$3.2 million from C$3.0 million, and total operating expenses grew from the prior-year period to C$94,000 from C$90,770.
Reported net income rose 5.6% year over year to C$3.0 million, or 30 cents per share, from C$2.8 million, or 29 cents per share.