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ValueSetters swings to profit in fiscal Q2

ValueSetters Inc. said its normalized net income for the fiscal second quarter ended Oct. 31 amounted to $104,140, compared with a loss of $3,050 in the year-earlier period.

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

The normalized profit margin rose to 353.7% from negative 214.9% in the year-earlier period.

Total revenue grew on an annual basis to $39,770 from $1,420, and total operating expenses climbed on an annual basis to $116,670 from $1,360.

Reported net income came to $166,620, or 0 cents per share, compared to a loss of $4,880, or a loss of 0 cents per share, in the year-earlier period.