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XPD Soccer Gear H1 profit falls YOY

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XPD Soccer Gear H1 profit falls YOY

XPD Soccer Gear Group Ltd. said its normalized net income for the first half amounted to 1 Australian cents per share, a decrease of 56.4% from 2 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was A$4.1 million, a decrease of 35.0% from A$6.3 million in the prior-year period.

Total revenue climbed 20.4% on an annual basis to A$56.1 million from A$46.6 million, and total operating expenses increased 38.8% from the prior-year period to A$49.0 million from A$35.3 million.

Reported net income declined 35.1% from the prior-year period to A$4.7 million, or 1 cents per share, from A$7.2 million, or 3 cents per share.