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Byte Power Group fiscal H1 profit climbs YOY

Byte Power Group Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, was A$65,020, a gain from A$23,090 in the year-earlier period.

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

Total revenue grew 18.2% on an annual basis to A$2.3 million from A$1.9 million, and total operating expenses increased 17.3% from the prior-year period to A$2.0 million from A$1.7 million.

Reported net income rose on an annual basis to A$104,040, or 0 cents per share, from A$36,940, or 0 cents per share.