GUD Holdings Ltd. said its normalized net income for the fiscal second half ended June 30 came to 19 Australian cents per share, compared with 19 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$14.3 million, a gain from A$13.7 million in the year-earlier period.

Total revenue grew 7.2% year over year to A$314.4 million from A$293.3 million, and total operating expenses climbed 5.8% on an annual basis to A$283.8 million from A$268.2 million.

Reported net income increased 23.2% year over year to A$15.9 million, or 21 cents per share, from A$12.9 million, or 18 cents per share.

For the year, the company's normalized net income totaled 40 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 49 cents.

EPS rose 7.0% from 37 cents in the prior year.

Normalized net income was A$29.2 million, a gain of 9.4% from A$26.7 million in the prior year.

Full-year total revenue increased on an annual basis to A$611.5 million from A$591.6 million, and total operating expenses rose on an annual basis to A$552.9 million from A$542.6 million.

The company said reported net income increased 88.2% on an annual basis to A$33.2 million, or 45 cents per share, in the full year, from A$17.6 million, or 25 cents per share.