Heavitree Brewery PLC said its normalized net income for the fiscal first half ended April 30 came to 5 Great British pence per share, a decline of 13.9% from 6 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 £243,750, a decrease of 15.8% from £289,380 in the prior-year period.

Total revenue totaled £3.3 million, compared with £3.3 million in the year-earlier period, and total operating expenses rose year over year to £2.8 million from £2.7 million.

Reported net income declined 33.2% from the prior-year period to £292,000, or 6 pence per share, from £437,000, or 9 pence per share.