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Epicentre Holdings swings to profit in fiscal H1

Epicentre Holdings Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, was S$186,250, compared with a loss of S$487,500 in the year-earlier period.

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

Total revenue rose on an annual basis to S$95.8 million from S$93.0 million, and total operating expenses grew from the prior-year period to S$95.4 million from S$93.8 million.

Reported net income totaled S$232,000, or 0 cents per share, compared to a loss of S$903,000, or a loss of 1 cents per share, in the prior-year period.

As of Feb. 12, US$1 was equivalent to S$1.36.