Webjet Ltd. said its normalized net income for the fiscal second half ended June 30 amounted to 9 Australian cents per share, compared with the S&P Capital IQ consensus estimate of 10 cents per share.

EPS increased 33.3% year over year from 7 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was A$7.0 million, a gain of 34.6% from A$5.2 million in the year-earlier period.

Total revenue increased 35.2% on an annual basis to A$61.0 million from A$45.1 million, and total operating expenses increased 35.2% from the prior-year period to A$49.9 million from A$36.9 million.

Reported net income declined 16.8% on an annual basis to A$8.4 million, or 10 cents per share, from A$10.1 million, or 13 cents per share.

For the year, the company's normalized net income totaled 19 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 23 cents.

EPS rose 22.2% from 16 cents in the prior year.

Normalized net income was A$15.2 million, an increase of 22.4% from A$12.4 million in the prior year.

Full-year total revenue increased 22.5% from the prior-year period to A$119.1 million from A$97.2 million, and total operating expenses rose 21.3% year over year to A$94.8 million from A$78.1 million.

The company said reported net income declined 9.1% on an annual basis to A$17.5 million, or 22 cents per share, in the full year, from A$19.2 million, or 24 cents per share.