trending Market Intelligence /marketintelligence/en/news-insights/trending/fXpr5ycdcHZe2lwVcIf0Eg2 content esgSubNav
In This List

Veritas Investments fiscal H1 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Veritas Investments fiscal H1 profit falls YOY

Veritas Investments Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, was 4 New Zealand cents per share, a decline of 13.3% from 5 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NZ$1.6 million, a decline of 9.3% from NZ$1.8 million in the prior-year period.

Total revenue increased 88.8% year over year to NZ$27.4 million from NZ$14.5 million, and total operating expenses increased from the prior-year period to NZ$24.8 million from NZ$11.8 million.

Reported net income declined 14.1% from the prior-year period to NZ$1.8 million, or 5 cents per share, from NZ$2.0 million, or 6 cents per share.

As of Feb. 26, US$1 was equivalent to NZ$1.32.