Freedom Foods Group Ltd said its normalized net income for the fiscal first half ended Dec. 31, 2014, came to 2 Australian cents per share, a decrease of 29.5% from 2 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 A$2.7 million, a decrease of 23.6% from A$3.5 million in the year-earlier period.
Total revenue grew year over year to A$45.3 million from A$43.8 million, and total operating expenses climbed 6.0% year over year to A$41.1 million from A$38.8 million.
Reported net income increased year over year to A$55.2 million, or 35 cents per share, from A$4.0 million, or 3 cents per share.
