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AB Dynamics fiscal H1 profit climbs 50.2% YOY

AB Dynamics PLC said its normalized net income for the fiscal first half ended Feb. 29 came to 8 Great British pence per share, a gain of 50.2% from 5 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 £1.4 million, a gain of 50.2% from £941,500 in the year-earlier period.

Total revenue rose 33.7% year over year to £10.1 million from £7.6 million, and total operating expenses climbed 30.2% on an annual basis to £7.9 million from £6.0 million.

Reported net income rose 44.2% from the prior-year period to £1.8 million, or 10 pence per share, from £1.3 million, or 7 pence per share.