Kip McGrath Education Centres Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, amounted to A$411,250, a gain from A$143,130 in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
Total revenue increased 31.4% on an annual basis to A$7.5 million from A$5.7 million, and total operating expenses climbed 26.6% from the prior-year period to A$6.8 million from A$5.4 million.
Reported net income rose from the prior-year period to A$472,860, or 1 cents per share, from A$144,720, or 0 cents per share.
