TSR Inc. said its normalized net income for the fiscal second quarter ended Nov. 30, 2015, was 8 cents per share, an increase from 7 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 $152,390, an increase from $145,660 in the prior-year period.
The normalized profit margin climbed to 1.0% from 1.0% in the year-earlier period.
Total revenue grew on an annual basis to $15.2 million from $14.5 million, and total operating expenses grew year over year to $14.9 million from $14.3 million.
Reported net income fell 14.8% year over year to $120,070, or 6 cents per share, from $140,980, or 7 cents per share.
