Nick Scali Ltd. said its normalized net income for the fiscal second half ended June 30 amounted to 8 Australian cents per share, a gain of 10.6% from 7 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$6.3 million, a gain of 10.8% from A$5.7 million in the prior-year period.
Total revenue increased 12.0% on an annual basis to A$78.1 million from A$69.8 million, and total operating expenses rose 11.9% year over year to A$68.5 million from A$61.2 million.
Reported net income grew 10.3% on an annual basis to A$7.0 million, or 9 cents per share, from A$6.4 million, or 8 cents per share.
For the year, the company's normalized net income totaled 19 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 20 cents.
EPS rose 20.1% from 16 cents in the prior year.
Normalized net income was A$15.3 million, a rise of 20.1% from A$12.7 million in the prior year.
Full-year total revenue grew 10.1% year over year to A$155.7 million from A$141.4 million, and total operating expenses grew 8.4% year over year to A$132.3 million from A$122.1 million.
The company said reported net income rose 19.9% on an annual basis to A$17.1 million, or 21 cents per share, in the full year, from A$14.3 million, or 18 cents per share.