Blue Power Group Ltd. said its normalized net income for the fiscal third quarter ended Jan. 31 came to 14 Jamaican cents per share, a decrease of 18.5% from 17 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$7.8 million, a decrease of 18.5% from J$9.5 million in the year-earlier period.
The normalized profit margin declined to 2.9% from 3.7% in the year-earlier period.
Total revenue rose on an annual basis to J$263.9 million from J$259.1 million, and total operating expenses grew from the prior-year period to J$254.6 million from J$246.6 million.
Reported net income decreased 18.5% from the prior-year period to J$12.4 million, or 22 cents per share, from J$15.2 million, or 27 cents per share.
As of Feb. 27, US$1 was equivalent to J$115.36.
