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Mewah International Q1 profit climbs 42.9% YOY

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Mewah International Q1 profit climbs 42.9% YOY

4911317 said its normalized net income for the first quarter amounted to $2.4 million, a rise of 42.9% from $1.7 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 0.3% from 0.2% in the year-earlier period.

Total revenue climbed year over year to $711.4 million from $692.6 million, and total operating expenses climbed 6.9% from the prior-year period to $721.3 million from $674.6 million.

eported net income grew 30.0% from the prior-year period to $2.9 million, or 0 cents per share, from $2.2 million, or 0 cents per share.Mewah International Inc.

4911317 said its normalized net income for the first quarter amounted to $2.4 million, a rise of 42.9% from $1.7 million in the prior-year period.