Trilogy International Ltd said its normalized net income for the fiscal first half ended Sept. 30 came to NZ$688,130, compared with a loss of NZ$234,380 in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
Total revenue increased 12.4% on an annual basis to NZ$15.3 million from NZ$13.6 million, and total operating expenses climbed year over year to NZ$14.2 million from NZ$13.8 million.
Reported net income came to NZ$984,000, or 2 cents per share, compared to a loss of NZ$269,000, or a loss of 0 cents per share, in the year-earlier period.
As of Nov. 27, US$1 was equivalent to NZ$1.27.
