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Success Global Media H1 profit falls YOY

Success Global Media Ltd said its normalized net income for the first half was A$193,090, a decline of 40.6% from A$324,910 in the first half ended Dec. 31, 2014.

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

Total revenue climbed on an annual basis to A$16.2 million from A$3.0 million, and total operating expenses increased on an annual basis to A$17.0 million from A$2.5 million.

Reported net income came to a loss of A$1.4 million, or a loss of 1 cents per share, compared to a loss of A$327,650, or a loss of 1 cents per share, in the first half ended Dec. 31, 2014.