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Chobe Holdings fiscal H2 profit climbs YOY

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Chobe Holdings fiscal H2 profit climbs YOY

Chobe Holdings Ltd said its normalized net income for the fiscal second half ended Feb. 28 amounted to 15 thebe per share, an increase from 5 thebe per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 13.1 million pula, an increase from 4.4 million pula in the year-earlier period.

Total revenue grew 18.3% year over year to 88.0 million pula from 74.4 million pula, and total operating expenses totaled 67.8 million pula, compared with 67.2 million pula in the prior-year period.

Reported net income rose year over year to 16.4 million pula, or 18 thebe per share, from 4.0 million pula, or 4 thebe per share.

For the year, the company's normalized net income totaled 48 thebe per share, an increase of 49.7% from 32 thebe per share in the prior year.

Normalized net income was 42.7 million pula, a rise of 49.7% from 28.5 million pula in the prior year.

Full-year total revenue grew 21.8% year over year to 209.5 million pula from 172.0 million pula, and total operating expenses rose 11.8% year over year to 141.9 million pula from 126.9 million pula.

The company said reported net income increased 52.3% year over year to 51.4 million pula, or 57 thebe per share, in the full year, from 33.7 million pula, or 38 thebe per share.

As of April 29, US$1 was equivalent to 9.79 pula.