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Refresh Group fiscal H1 profit climbs YOY

Refresh Group Ltd said its normalized net income for the fiscal first half ended Dec. 31, 2015, was A$26,280, a gain from A$9,990 in the year-earlier period.

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

Total revenue climbed 7.8% on an annual basis to A$3.2 million from A$3.0 million, and total operating expenses increased 5.7% year over year to A$3.1 million from A$3.0 million.

Reported net income rose on an annual basis to A$42,050, or 0 cents per share, from A$15,980, or 0 cents per share.