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Eumundi Group fiscal H1 profit climbs 10.5% YOY

Eumundi Group Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, amounted to 2 Australian cents per share, a decrease of 36.3% from 3 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$681,880, a gain of 10.5% from A$616,880 in the prior-year period.

Total revenue increased on an annual basis to A$12.1 million from A$12.0 million, and total operating expenses grew from the prior-year period to A$10.4 million from A$10.1 million.

Reported net income decreased 22.6% from the prior-year period to A$1.7 million, or 5 cents per share, from A$2.2 million, or 12 cents per share.