Select Harvests Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, amounted to 10 Australian cents per share, compared with the S&P Capital IQ consensus estimate of 36 cents per share.
EPS declined 45.6% year over year from 19 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was A$6.5 million, a decrease of 41.7% from A$11.1 million in the prior-year period.
Total revenue totaled A$100.6 million, compared with A$100.7 million in the year-earlier period, and total operating expenses grew 8.5% year over year to A$87.6 million from A$80.7 million.
Reported net income grew on an annual basis to A$18.8 million, or 30 cents per share, from A$18.4 million, or 31 cents per share.
