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Moss Bros Group fiscal H1 profit climbs 43.8% YOY

Moss Bros Group PLC said its normalized net income for the fiscal first half ended Aug. 1 amounted to 2 Great British pence per share, an increase of 41.6% from 1 pence per share in the first half ended July 26, 2014.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £1.8 million, an increase of 43.8% from £1.2 million in the first half ended July 26, 2014.

Total revenue rose 10.0% on an annual basis to £61.3 million from £55.8 million, and total operating expenses rose 8.8% year over year to £58.6 million from £53.8 million.

Reported net income grew 48.0% year over year to £2.1 million, or 2 pence per share, from £1.5 million, or 1 pence per share.