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Caribbean Producers fiscal Q2 profit climbs YOY

Caribbean Producers (Jamaica) Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, was $793,450, a gain from $768,210 in the prior-year period.

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

The normalized profit margin fell to 3.2% from 3.3% in the year-earlier period.

Total revenue climbed 8.0% year over year to $24.9 million from $23.1 million, and total operating expenses increased 7.0% year over year to $23.0 million from $21.5 million.

Reported net income grew 14.9% from the prior-year period to $1.3 million, or 0 cents per share, from $1.1 million, or 0 cents per share.