BWX Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2015, amounted to A$5.7 million, a rise from A$273,380 in the prior-year period.

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

Total revenue rose 85.8% on an annual basis to A$27.5 million from A$14.8 million, and total operating expenses increased 25.9% on an annual basis to A$17.9 million from A$14.3 million.

Reported net income rose on an annual basis to A$6.3 million, or 7 cents per share, from A$302,700, or 1 cents per share.