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Holista CollTech swings to profit in fiscal H1

Holista CollTech Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2015, was A$62,010, compared with a loss of A$248,720 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue grew 19.3% on an annual basis to A$3.5 million from A$2.9 million, and total operating expenses came to A$3.3 million, compared with A$3.4 million in the year-earlier period.

Reported net income came to A$60,510, or 0 cents per share, compared to a loss of A$495,980, or a loss of 0 cents per share, in the year-earlier period.