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MotorCycle Holdings fiscal H1 profit climbs 78.1% YOY

MotorCycle Holdings Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2015, amounted to 30 Australian cents per share, an increase of 77.7% from 17 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$3.4 million, a gain of 78.1% from A$1.9 million in the prior-year period.

Total revenue grew 19.4% on an annual basis to A$113.5 million from A$95.0 million, and total operating expenses grew 18.0% from the prior-year period to A$106.7 million from A$90.5 million.

Reported net income grew 77.3% year over year to A$3.8 million, or 34 cents per share, from A$2.1 million, or 19 cents per share.