Natural Alternatives International Inc. said its normalized net income for the fiscal third quarter ended March 31 came to 10 cents per share, a gain from 10 cents per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $671,250, an increase from $658,130 in the prior-year period.
The normalized profit margin fell to 3.4% from 3.4% in the year-earlier period.
Total revenue increased on an annual basis to $19.6 million from $19.1 million, and total operating expenses rose from the prior-year period to $18.6 million from $18.0 million.
Reported net income grew 31.7% from the prior-year period to $811,260, or 12 cents per share, from $615,870, or 9 cents per share.