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Cash Converters International fiscal Q2 profit climbs 17.3% YOY

Cash Converters International Ltd. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, amounted to 2 Australian cents per share, a gain from 1 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$7.5 million, a gain of 17.3% from A$6.4 million in the year-earlier period.

The normalized profit margin increased to 8.3% from 8.1% in the year-earlier period.

Total revenue rose 15.0% on an annual basis to A$90.5 million from A$78.7 million, and total operating expenses grew 8.8% from the prior-year period to A$76.7 million from A$70.5 million.

Reported net income totaled a loss of A$13.0 million, or a loss of 3 cents per share, compared to income of A$5.5 million, or 1 cents per share, in the year-earlier period.