Godfreys Group Ltd. said its normalized net income for the fiscal second half ended June 26 was 20 Australian cents per share, an increase from 3 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$8.3 million, an increase from A$913,130 in the prior-year period.

Total revenue increased 7.0% year over year to A$92.0 million from A$86.0 million, and total operating expenses decreased from the prior-year period to A$81.4 million from A$83.4 million.

Reported net income came to A$7.8 million, or 19 cents per share, compared to a loss of A$715,230, or a loss of 3 cents per share, in the prior-year period.

For the year, the company's normalized net income totaled 28 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 30 cents.

EPS rose 64.8% from 17 cents in the prior year.

Normalized net income was A$10.0 million, a gain from A$4.9 million in the prior year.

Full-year total revenue increased 5.2% year over year to A$182.6 million from A$173.5 million, and total operating expenses grew on an annual basis to A$168.3 million from A$162.6 million.

The company said reported net income rose year over year to A$12.0 million, or 34 cents per share, in the full year, from A$5.7 million, or 20 cents per share.