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Joyce Corp. fiscal H1 profit climbs 55.9% YOY

Joyce Corp. Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, came to 2 Australian cents per share, a gain of 54.9% from 2 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$675,130, a gain of 55.9% from A$433,130 in the year-earlier period.

Total revenue increased 68.9% year over year to A$12.7 million from A$7.5 million, and total operating expenses grew 65.8% from the prior-year period to A$11.8 million from A$7.1 million.

Reported net income rose year over year to A$3.2 million, or 11 cents per share, from A$802,000, or 3 cents per share.