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AMA Group fiscal H1 profit climbs 57.4% YOY

AMA Group Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, amounted to A$4.0 million, a rise of 57.4% from A$2.5 million in the year-earlier period.

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

Total revenue increased 41.4% year over year to A$43.6 million from A$30.8 million, and total operating expenses climbed 38.9% from the prior-year period to A$37.1 million from A$26.8 million.

Reported net income increased 66.7% from the prior-year period to A$4.4 million, or 1 cents per share, from A$2.6 million, or 1 cents per share.