Rex Trueform Group Ltd said its normalized net income for the fiscal first half ended Dec. 31, 2014, came to 52 South African cents per share, compared with a loss of 10 cents per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 10.7 million rand, compared with a loss of 2.1 million rand in the year-earlier period.
Total revenue increased year over year to 268.7 million rand from 261.1 million rand, and total operating expenses declined 5.1% year over year to 252.8 million rand from 266.2 million rand.
Reported net income totaled 12.3 million rand, or 60 cents per share, compared to a loss of 2.4 million rand, or a loss of 12 cents per share, in the year-earlier period.
As of March 10, US$1 was equivalent to 12.33 rand.
