Sasini Ltd said its normalized net income for the fiscal first half ended March 31 came to 3.24 Kenyan shillings per share, compared with a loss of 54 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 738.8 million shillings, compared with a loss of 122.0 million shillings in the prior-year period.

Total revenue grew 25.1% on an annual basis to 1.59 billion shillings from 1.27 billion shillings, and total operating expenses decreased 68.9% on an annual basis to 455.4 million shillings from 1.47 billion shillings.

Reported net income totaled 514.0 million shillings, or 2.25 shillings per share, compared to a loss of 95.0 million shillings, or a loss of 42 cents per share, in the year-earlier period.

As of May 24, US$1 was equivalent to 100.79 Kenyan shillings.