Specialty Fashion Group Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, came to 3 Australian cents per share, compared with the S&P Capital IQ consensus estimate of 4 cents per share.
EPS fell 49.4% year over year from 6 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was A$5.7 million, a decrease of 49.2% from A$11.3 million in the prior-year period.
Total revenue climbed 27.4% on an annual basis to A$413.0 million from A$324.3 million, and total operating expenses grew 31.5% on an annual basis to A$401.7 million from A$305.6 million.
Reported net income fell 63.7% on an annual basis to A$5.9 million, or 3 cents per share, from A$16.2 million, or 8 cents per share.
