Nictus Holdings Ltd said its normalized net income for the fiscal first half ended Sept. 30 was 13 Namibian cents per share, an increase from 4 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 6.9 million dollars, an increase from 2.1 million dollars in the year-earlier period.
Total revenue grew 67.6% year over year to 483.3 million dollars from 288.3 million dollars, and total operating expenses climbed 65.4% from the prior-year period to 482.0 million dollars from 291.4 million dollars.
Reported net income rose from the prior-year period to 8.5 million dollars, or 16 cents per share, from 1.9 million dollars, or 4 cents per share.
As of Dec. 2, US$1 was equivalent to 11.08 Namibian dollars.
