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Patisserie Holdings fiscal H1 profit climbs 45.0% YOY

Patisserie Holdings PLC said its normalized net income for the fiscal first half ended March 31 amounted to 4 Great British pence per share, a gain of 16.4% from 4 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 £4.3 million, an increase of 45.0% from £3.0 million in the prior-year period.

Total revenue climbed 22.2% year over year to £43.7 million from £35.7 million, and total operating expenses climbed 20.7% on an annual basis to £36.7 million from £30.4 million.

Reported net income grew 49.1% from the prior-year period to £5.5 million, or 5 pence per share, from £3.7 million, or 5 pence per share.