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Wolfstrike Rentals fiscal H1 profit falls YOY

Wolfstrike Rentals Group Ltd. said its normalized net income for the fiscal first half ended Sept. 30 came to NZ$86,880, a fall of 6.9% from NZ$93,330 in the year-earlier period.

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

Total revenue grew 16.4% on an annual basis to NZ$809,520 from NZ$695,490, and total operating expenses climbed 17.6% on an annual basis to NZ$642,100 from NZ$546,160.

Reported net income grew 70.0% from the prior-year period to NZ$139,010, or 1 cents per share, from NZ$81,760, or 0 cents per share.

As of Dec. 19, US$1 was equivalent to NZ$1.29.