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Site Group International swings to profit in fiscal H1

Site Group International Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, came to A$139,080, compared with a loss of A$1.7 million in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue grew on an annual basis to A$20.5 million from A$7.6 million, and total operating expenses grew 96.7% year over year to A$20.5 million from A$10.4 million.

Reported net income came to A$160,770, or 0 cents per share, compared to a loss of A$2.6 million, or a loss of 1 cents per share, in the year-earlier period.