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Blackmores fiscal Q1 profit climbs YOY

Blackmores Ltd. said its normalized net income for the fiscal first quarter ended Sept. 30 was A$20.5 million, an increase from A$7.5 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 12.6% from 7.7% in the year-earlier period.

Total revenue climbed 64.7% year over year to A$162.2 million from A$98.5 million, and total operating expenses climbed 51.3% from the prior-year period to A$129.1 million from A$85.3 million.

Reported net income came to A$22.6 million, compared with A$8.7 million in the prior-year period.