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Chew's Group fiscal H2 profit climbs 22.1% YOY

Chew's Group Ltd. said its normalized net income for the fiscal second half ended Sept. 30, 2015, amounted to 2 Singapore cents per share, a gain of 22.1% 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 S$1.8 million, an increase of 22.1% from S$1.4 million in the year-earlier period.

Total revenue climbed 8.3% on an annual basis to S$17.0 million from S$15.7 million, and total operating expenses grew 4.9% from the prior-year period to S$14.2 million from S$13.6 million.

Reported net income declined 57.2% on an annual basis to S$387,670, or 0 cents per share, from S$905,850, or 1 cents per share.

For the year, the company's normalized net income totaled 3 cents per share, an increase of 27.9% from 3 cents per share in the prior year.

Normalized net income was S$2.9 million, an increase of 27.9% from S$2.3 million in the prior year.

Full-year total revenue rose 8.8% on an annual basis to S$33.9 million from S$31.2 million, and total operating expenses rose 6.0% on an annual basis to S$29.4 million from S$27.7 million.

The company said reported net income rose 10.8% year over year to S$2.2 million, or 3 cents per share, in the full year, from S$2.0 million, or 2 cents per share.

As of Jan. 11, US$1 was equivalent to S$1.43.