Truworths International Ltd. said its normalized net income for the fiscal first half ended Dec. 28, 2014, came to 2.89 rand per share, compared with the S&P Capital IQ consensus estimate of 3.30 rand per share.
In the prior-year period, the per-share result came in at a profit of 2.87 rand.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.20 billion rand, a decrease from 1.22 billion rand in the year-earlier period.
Total revenue grew 4.9% on an annual basis to 6.05 billion rand from 5.77 billion rand, and total operating expenses rose 8.5% year over year to 4.64 billion rand from 4.28 billion rand.
Reported net income decreased from the prior-year period to 1.39 billion rand, or 3.33 rand per share, from 1.40 billion rand, or 3.31 rand per share.
As of Feb. 19, US$1 was equivalent to 11.64 rand.
