SmartFONZ reported unaudited earnings results for the six months ended September 30, 2012. For the period, the fund reported total net income of NZD 9,086,000 against loss of NZD 5,278,000 a year ago. Net profit before tax was NZD 8,760,000 against loss of NZD 5,594,000 a year ago.

Net profit after tax was NZD 8,623,000 or 13.20 cents per unit against loss of NZD 5,648,000 or 8.74 cents per unit a year ago. Net cash flows from operating activities was NZD 1,618,000 against NZD 1,916,000 a year ago.