Multi-Color Corporation (LABL) has reported 25.95 percent rise in profit for the quarter ended Dec. 31, 2016. The company has earned $12.13 million, or $0.71 a share in the quarter, compared with $9.63 million, or $0.57 a share for the same period last year. On the other hand, adjusted net income for the quarter stood at $11.89 million, or $0.70 a share compared with $11.46 million or $0.68 a share, a year ago.

Revenue during the quarter went up marginally by 2.25 percent to $210.66 million from $206.03 million in the previous year period. Gross margin for the quarter expanded 34 basis points over the previous year period to 19.57 percent. Total expenses were 90.31 percent of quarterly revenues, down from 91.56 percent for the same period last year. This has led to an improvement of 125 basis points in operating margin to 9.69 percent.

Operating income for the quarter was $20.42 million, compared with $17.40 million in the previous year period.

However, the adjusted operating income for the quarter stood at $21.18 million compared to $19.80 million in the prior year period. At the same time, adjusted operating margin improved 45 basis points in the quarter to 10.05 percent from 9.61 percent in the last year period.

"Organic growth and gross margin improvement in most markets was largely offset by lower sales and operating inefficiencies in the UK and Ireland in Q3. Core EPS growth at $0.11 fiscal year to date can be substantially improved, especially given weak Q4 last year," said Nigel Vinecombe, executive chairman of Multi-Color Corporation.