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Telford Homes fiscal H1 profit climbs YOY

Telford Homes PLC said its normalized net income for the fiscal first half ended Sept. 30 came to 22 Great British pence per share, a gain from 10 pence per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £13.4 million, a gain from £5.9 million in the year-earlier period.

Total revenue climbed year over year to £138.8 million from £42.3 million, and total operating expenses rose on an annual basis to £116.7 million from £42.6 million.

Reported net income grew from the prior-year period to £16.8 million, or 28 pence per share, from £7.4 million, or 12 pence per share.