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Beacon Lighting fiscal H1 profit climbs 49.4% YOY

Beacon Lighting Group Ltd. said its normalized net income for the fiscal first half ended Dec. 28, 2014, was 4 Australian cents per share, an increase of 49.8% from 2 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was A$8.0 million, a gain of 49.4% from A$5.3 million in the year-earlier period.

Total revenue climbed 21.2% on an annual basis to A$92.8 million from A$76.6 million, and total operating expenses grew 17.4% from the prior-year period to A$79.5 million from A$67.7 million.

Reported net income increased 35.3% from the prior-year period to A$9.1 million, or 4 cents per share, from A$6.7 million, or 3 cents per share.