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Ridley Corp. fiscal H1 profit climbs 43.5% YOY

Ridley Corp. Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, was 3 Australian cents per share, an increase of 44.4% from 2 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$9.5 million, a gain of 43.5% from A$6.6 million in the prior-year period.

Total revenue grew 5.1% year over year to A$465.0 million from A$442.6 million, and total operating expenses climbed on an annual basis to A$448.7 million from A$430.1 million.

Reported net income rose 11.8% on an annual basis to A$11.1 million, or 4 cents per share, from A$9.9 million, or 3 cents per share.