Supreme Ventures Ltd. said its normalized net income for the first quarter was 13 Jamaican cents per share, an increase of 17.3% from 11 cents per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was J$347.1 million, an increase of 17.3% from J$295.9 million in the year-earlier period.
The normalized profit margin rose to 2.9% from 2.9% in the year-earlier period.
Total revenue climbed 14.6% year over year to J$11.77 billion from J$10.27 billion, and total operating expenses climbed 14.5% on an annual basis to J$11.24 billion from J$9.81 billion.
Reported net income grew 19.8% year over year to J$405.2 million, or 15 cents per share, from J$338.1 million, or 13 cents per share.
As of May 1, US$1 was equivalent to J$115.28.
