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Tasty PLC fiscal H2 profit climbs 10.2% YOY

Tasty PLC said its normalized net income for the fiscal second half ended Dec. 27, 2015, amounted to 2 Great British pence per share, an increase of 10.1% from 2 pence per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £1.1 million, an increase of 10.2% from £986,880 in the year-earlier period.

Total revenue rose 17.6% year over year to £18.7 million from £15.9 million, and total operating expenses climbed 18.2% on an annual basis to £17.0 million from £14.3 million.

Reported net income grew 7.9% year over year to £1.4 million, or 3 pence per share, from £1.3 million, or 2 pence per share.

For the year, the company's normalized net income totaled 4 pence per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 6 pence.

EPS rose 19.6% from 3 pence in the prior year.

Normalized net income was £1.9 million, an increase of 20.2% from £1.6 million in the prior year.

Full-year total revenue increased 20.4% on an annual basis to £35.8 million from £29.7 million, and total operating expenses increased 20.3% on an annual basis to £32.6 million from £27.1 million.

The company said reported net income grew 20.2% year over year to £2.5 million, or 5 pence per share, in the full year, from £2.1 million, or 4 pence per share.