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Heritage Brands fiscal H1 profit climbs YOY

Heritage Brands Ltd. said its normalized net income for the fiscal first half ended Jan. 31 was A$481,210, a gain from A$219,150 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue grew year over year to A$16.2 million from A$15.7 million, and total operating expenses rose year over year to A$15.1 million from A$14.9 million.

Reported net income grew from the prior-year period to A$769,940, or 0 cents per share, from A$350,650, or 0 cents per share.