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RFM Poultry fiscal H1 profit falls YOY

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RFM Poultry fiscal H1 profit falls YOY

RFM Poultry said its normalized net income for the fiscal first half ended Dec. 31, 2015, amounted to 3 Australian cents per share, a decline of 64.4% from 10 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was A$239,310, a decrease of 64.0% from A$665,330 in the year-earlier period.

Total revenue fell year over year to A$12.3 million from A$12.9 million, and total operating expenses rose on an annual basis to A$12.0 million from A$11.8 million.

Reported net income fell 63.6% on an annual basis to A$271,530, or 4 cents per share, from A$745,170, or 11 cents per share.