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Shaver Shop fiscal H1 profit climbs 93.4% YOY

Shaver Shop Group Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2015, was 50 Australian cents per share, a gain of 93.4% from 26 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was A$5.3 million, a gain of 93.4% from A$2.7 million in the prior-year period.

Total revenue increased 84.5% on an annual basis to A$62.2 million from A$33.7 million, and total operating expenses rose 82.9% from the prior-year period to A$53.3 million from A$29.1 million.

Reported net income grew 63.9% on an annual basis to A$5.8 million, or 55 cents per share, from A$3.5 million, or 33 cents per share.