Colonial Motor Co. Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, was 23 New Zealand cents per share, a decrease from 23 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 NZ$7.4 million, a decrease from NZ$7.6 million in the year-earlier period.
Total revenue climbed 15.3% on an annual basis to NZ$410.4 million from NZ$356.1 million, and total operating expenses climbed 15.7% year over year to NZ$395.1 million from NZ$341.5 million.
Reported net income decreased from the prior-year period to NZ$8.4 million, or 26 cents per share, from NZ$8.7 million, or 27 cents per share.
As of Feb. 17, US$1 was equivalent to NZ$1.33.
