NamSys Inc. said its normalized net income for the fiscal first quarter ended Jan. 31 came to C$142,180, a gain of 13.5% from C$125,310 in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin dropped to 28.7% from 36.2% in the year-earlier period.
Total revenue rose 42.9% on an annual basis to C$495,290 from C$346,570, and total operating expenses increased 48.9% on an annual basis to C$297,820 from C$200,030.
Reported net income totaled C$272,860, or 1 cents per share, compared to C$272,860, or 1 cents per share, in the prior-year period.
