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Burger Fuel Worldwide fiscal H1 profit climbs YOY

Burger Fuel Worldwide Ltd. said its normalized net income for the fiscal first half ended Sept. 30 came to NZ$211,250, an increase from NZ$60,000 in the year-earlier period.

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

Total revenue rose 25.6% on an annual basis to NZ$8.4 million from NZ$6.7 million, and total operating expenses rose 23.7% from the prior-year period to NZ$8.2 million from NZ$6.6 million.

Reported net income grew from the prior-year period to NZ$213,000, or 0 cents per share, from NZ$96,000, or 0 cents per share.

As of Dec. 19, US$1 was equivalent to NZ$1.29.