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Agroton Public swings to profit in full year

Agroton Public Ltd said its full-year normalized net income was 42 cents per share, compared with a loss of 28 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 $9.0 million, compared with a loss of $6.0 million in the year-earlier period.

The normalized profit margin rose to 20.4% from negative 14.2% in the year-earlier period.

Total revenue climbed 4.9% year over year to $44.2 million from $42.1 million, and total operating expenses declined year over year to $21.1 million from $21.9 million.

Reported net income totaled $21.8 million, or $1.00 per share, compared to a loss of $9.6 million, or a loss of 44 cents per share, in the prior-year period.