Woolworths Holdings Ltd. said its normalized net income for the fiscal first half ended Dec. 28, 2014, was 1.79 rand per share, an increase of 12.0% from 1.60 rand per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.56 billion rand, an increase of 20.6% from 1.29 billion rand in the year-earlier period.
Total revenue climbed 43.0% year over year to 27.72 billion rand from 19.38 billion rand, and total operating expenses climbed 42.9% from the prior-year period to 24.71 billion rand from 17.30 billion rand.
Reported net income rose 9.5% on an annual basis to 1.58 billion rand, or 1.83 rand per share, from 1.45 billion rand, or 1.80 rand per share.
As of Feb. 12, US$1 was equivalent to 11.76 rand.
