Navitas Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, amounted to 9 Australian cents per share, compared with the S&P Capital IQ consensus estimate of 12 cents per share.
EPS rose 11.4% year over year from 8 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was A$34.7 million, an increase of 11.9% from A$31.0 million in the prior-year period.
Total revenue climbed 13.9% on an annual basis to A$480.5 million from A$421.9 million, and total operating expenses climbed 14.7% year over year to A$421.2 million from A$367.4 million.
Reported net income decreased 13.2% from the prior-year period to A$31.3 million, or 8 cents per share, from A$36.1 million, or 10 cents per share.
