George Risk Industries Inc. said its normalized net income for the fiscal third quarter ended Jan. 31 was 14 cents per share, a decrease of 12.2% from 15 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 $685,000, a decrease of 12.3% from $781,250 in the prior-year period.
The normalized profit margin fell to 25.6% from 27.6% in the year-earlier period.
Total revenue decreased 5.2% year over year to $2.7 million from $2.8 million, and total operating expenses grew on an annual basis to $2.0 million from $2.0 million.
Reported net income fell 10.1% year over year to $635,120, or 13 cents per share, from $706,510, or 14 cents per share.
