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West Indian Tobacco Q1 profit climbs YOY

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West Indian Tobacco Q1 profit climbs YOY

West Indian Tobacco Co. Ltd. said its first-quarter normalized net income came to TT$1.03 per share, compared with TT$1.02 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was TT$86.6 million, an increase from TT$85.5 million in the year-earlier period.

The normalized profit margin increased to 38.3% from 38.3% in the year-earlier period.

Total revenue grew on an annual basis to TT$226.2 million from TT$223.5 million, and total operating expenses increased on an annual basis to TT$87.6 million from TT$86.7 million.

Reported net income increased year over year to TT$102.0 million, or TT$1.21 per share, from TT$98.2 million, or TT$1.17 per share.

As of April 29, US$1 was equivalent to TT$6.65.