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Slater & Gordon fiscal H1 profit climbs 41.7% YOY

Slater & Gordon Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, amounted to A$14.77 per share, compared with the S&P Capital IQ consensus estimate of A$16.37 per share.

EPS rose 39.2% year over year from A$10.61.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was A$30.5 million, an increase of 41.7% from A$21.5 million in the year-earlier period.

Total revenue climbed 37.6% year over year to A$245.3 million from A$178.3 million, and total operating expenses climbed 37.2% on an annual basis to A$192.1 million from A$140.0 million.

Reported net income increased 46.8% on an annual basis to A$33.7 million, or A$16.30 per share, from A$22.9 million, or A$11.30 per share.