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Sunbridge Group H1 profit climbs 39.8% YOY

4912292 said its normalized net income for the first half came to A$2.5 million, a rise of 39.8% from A$1.8 million in the prior-year period.

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

Total revenue decreased 12.5% year over year to A$32.2 million from A$36.8 million, and total operating expenses declined 16.8% year over year to A$28.3 million from A$34.0 million.

Reported net income rose 44.2% from the prior-year period to A$2.9 million, or 1 cents per share, from A$2.0 million, or 0 cents per share.Sunbridge Group Ltd.

4912292 said its normalized net income for the first half came to A$2.5 million, a rise of 39.8% from A$1.8 million in the prior-year period.