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Skyline swings to profit in fiscal Q2

Skyline Corp. said its normalized net income for the fiscal second quarter ended Nov. 30, 2014, was $50,630, compared with a loss of $563,130 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 0.1% from negative 1.4% in the year-earlier period.

Total revenue grew 26.7% on an annual basis to $49.7 million from $39.2 million, and total operating expenses grew 23.4% on an annual basis to $49.5 million from $40.1 million.

Reported net income came to $81,000, or 1 cents per share, compared to a loss of $739,000, or a loss of 9 cents per share, in the prior-year period.