Tassal Group Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, came to 18 Australian cents per share, compared with the S&P Capital IQ consensus estimate of 12 cents per share.
EPS rose 34.6% year over year from 13 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was A$26.8 million, a gain of 34.7% from A$19.9 million in the prior-year period.
Total revenue increased 12.3% on an annual basis to A$149.6 million from A$133.2 million, and total operating expenses grew 6.0% from the prior-year period to A$104.9 million from A$99.0 million.
Reported net income increased 34.7% from the prior-year period to A$30.3 million, or 21 cents per share, from A$22.5 million, or 15 cents per share.
