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Ocean Bio-Chem Q2 profit climbs YOY

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Ocean Bio-Chem Q2 profit climbs YOY

4910134 said its normalized net income for the second quarter amounted to 7 cents per share, a gain from 3 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 $652,740, a gain from $236,140 in the year-earlier period.

The normalized profit margin climbed to 7.2% from 2.7% in the year-earlier period.

Total revenue totaled $8.7 million, compared with $8.7 million in the year-earlier period, and total operating expenses declined 8.1% from the prior-year period to $7.7 million from $8.4 million.

eported net income grew on an annual basis to $633,980, or 7 cents per share, from $90,120, or 1 cents per share.Ocean Bio-Chem Inc.

4910134 said its normalized net income for the second quarter amounted to 7 cents per share, a gain from 3 cents per share in the prior-year period.