Navitas Ltd. said its normalized net income for the fiscal second half ended June 30 amounted to 13 Australian cents per share, compared with the S&P Capital IQ consensus estimate of 13 cents per share.
EPS increased 16.6% year over year from 11 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was A$47.0 million, an increase of 15.8% from A$40.6 million in the prior-year period.
Total revenue climbed 9.5% on an annual basis to A$499.8 million from A$456.3 million, and total operating expenses climbed 8.5% from the prior-year period to A$421.9 million from A$389.0 million.
Reported net income rose on an annual basis to A$40.5 million, or 11 cents per share, from A$15.5 million, or 4 cents per share.
For the year, the company's normalized net income totaled 22 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 25 cents.
EPS rose 14.2% from 19 cents in the prior year.
Normalized net income was A$81.7 million, a rise of 14.1% from A$71.6 million in the prior year.
Full-year total revenue increased 11.6% year over year to A$980.3 million from A$878.2 million, and total operating expenses increased 11.5% on an annual basis to A$843.1 million from A$756.4 million.
The company said reported net income increased 39.2% year over year to A$71.8 million, or 19 cents per share, in the full year, from A$51.6 million, or 14 cents per share.