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Costa Group fiscal H1 profit falls YOY

Costa Group Holdings Ltd said its normalized net income for the fiscal first half ended Dec. 28, 2014, was A$4.8 million, a decrease of 57.1% from A$11.1 million in the year-earlier period.

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

Total revenue came to A$362.6 million, compared with A$363.9 million in the year-earlier period, and total operating expenses climbed year over year to A$345.4 million from A$338.0 million.

Reported net income totaled a loss of A$5.8 million, or a loss of 3 cents per share, compared to income of A$3.6 million in the prior-year period.