C.P. Pokphand Co. Ltd. said its normalized net income for the first quarter came to $42.1 million, a gain of 9.0% from $38.6 million in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin climbed to 3.4% from 3.1% in the year-earlier period.
Total revenue came to $1.24 billion, compared with $1.25 billion in the prior-year period, and total operating expenses decreased year over year to $1.15 billion from $1.18 billion.
Reported net income totaled $54.9 million, compared with $41.4 million in the year-earlier period.