Huon Aquaculture Group Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, amounted to 33 Australian cents per share, a decline from 34 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 A$23.2 million, an increase of 11.5% from A$20.8 million in the year-earlier period.
Total revenue increased year over year to A$98.8 million from A$94.5 million, and total operating expenses came to A$59.9 million, compared with A$59.3 million in the prior-year period.
Reported net income grew 11.5% on an annual basis to A$25.9 million, or 37 cents per share, from A$23.2 million, or 38 cents per share.
