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TTA Holdings swings to profit in fiscal H1

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Capital Markets View – January 2021


TTA Holdings swings to profit in fiscal H1

TTA Holdings Ltd. said its normalized net income for the fiscal first half ended Sept. 30 amounted to A$76,610, compared with a loss of A$2.1 million in the prior-year period.

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

Total revenue fell 42.0% on an annual basis to A$9.9 million from A$17.1 million, and total operating expenses decreased 52.5% year over year to A$9.7 million from A$20.4 million.

Reported net income totaled A$84,570, or 0 cents per share, compared to a loss of A$4.4 million, or a loss of 3 cents per share, in the year-earlier period.