Lindsay Corp., irrigation equipment maker, announced that it has posted a 5.6 per cent rise in net profit for the first quarter of current fiscal.

For the quarter ended November 30, the company has reported net income of $6.7 million, or 53 cents per share, as compared to $6.3 million, or 51 cents per share, in the same quarter a year ago.

Lindsay’s net revenue declined 24 per cent to $86 million as against $113.1 million a year earlier. The drop is mainly contributed by a decline in revenue of irrigation equipment, which slipped 38 per cent to $53.3 million.

However, infrastructure revenue increased 20 per cent to $32.7 million from $27.2 million in the previous year.

Lindsay said that unshipped order backlog has decreased to $36.1 million at the end of quarter, compared to $40.1 million a year ago.

The company succeeded in reducing its operating expenses by 13 per cent to $14.6 million.

Mr. Rick Parod, President and CEO Lindsay Corp., said in a statement that there are uncertainties in infrastructure spending and in demands for the upcoming irrigation season.