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Site Group International fiscal H1 profit climbs YOY

Site Group International Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2015, came to A$2.0 million, a gain from A$139,080 in the prior-year period.

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

Total revenue rose 72.7% year over year to A$35.1 million from A$20.3 million, and total operating expenses rose 56.9% year over year to A$32.1 million from A$20.5 million.

Reported net income increased year over year to A$3.4 million, or 1 cents per share, from A$160,770, or 0 cents per share.