Patisserie Holdings PLC said its normalized net income for the fiscal first half ended March 31 was 5 Great British pence per share, compared with the S&P Capital IQ consensus estimate of 7 pence per share.

EPS increased 19.9% year over year from 4 pence.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £5.2 million, a gain of 20.6% from £4.3 million in the prior-year period.

Total revenue grew 14.4% on an annual basis to £50.0 million from £43.7 million, and total operating expenses climbed 13.4% from the prior-year period to £41.6 million from £36.7 million.

Reported net income rose 21.7% from the prior-year period to £6.7 million, or 7 pence per share, from £5.5 million, or 5 pence per share.