Collins Foods Ltd. said its normalized net income for the fiscal second half ended May 3 was 14 Australian cents per share, a gain of 24.2% from 11 cents per share in the second half ended April 27, 2014.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was A$12.8 million, a gain of 23.4% from A$10.3 million in the second half ended April 27, 2014.
Total revenue rose 29.9% year over year to A$314.9 million from A$242.5 million, and total operating expenses climbed 30.0% on an annual basis to A$289.3 million from A$222.5 million.
Reported net income increased 60.0% on an annual basis to A$12.6 million, or 14 cents per share, from A$7.9 million, or 8 cents per share.
For the year, the company's normalized net income totaled 24 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 24 cents.
EPS rose 42.8% from 17 cents in the prior year.
Normalized net income was A$22.4 million, a rise of 42.3% from A$15.7 million in the prior year.
Full-year total revenue rose 29.7% year over year to A$571.6 million from A$440.6 million, and total operating expenses increased 28.6% year over year to A$526.5 million from A$409.4 million.
The company said reported net income totaled a loss of A$10.4 million, or a loss of 11 cents per share, in the full year, compared with income of A$14.0 million, or 15 cents per share, the prior year.