Shenhua International Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, amounted to 1 Australian cents per share, a decrease of 52.3% from 3 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$1.6 million, a decline of 52.3% from A$3.4 million in the year-earlier period.
Total revenue decreased 15.7% year over year to A$37.8 million from A$44.9 million, and total operating expenses declined 7.9% year over year to A$35.8 million from A$38.9 million.
Reported net income fell 48.4% on an annual basis to A$2.0 million, or 2 cents per share, from A$3.9 million, or 3 cents per share.
