Rogers Sugar Inc. said its normalized net income for the fiscal second quarter ended March 28 amounted to 5 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 6 cents per share.
EPS decreased 59.2% year over year from 13 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$4.9 million, a decline of 65.1% from C$14.0 million in the year-earlier period.
The normalized profit margin dropped to 3.8% from 11.0% in the year-earlier period.
Total revenue totaled C$127.1 million, compared with C$127.3 million in the year-earlier period, and total operating expenses rose 13.6% from the prior-year period to C$115.9 million from C$102.1 million.
Reported net income decreased 68.7% year over year to C$5.6 million, or 6 cents per share, from C$18.1 million, or 16 cents per share.
