Wynnstay Group PLC said its normalized net income for the fiscal second half ended Oct. 31, 2015, amounted to 12 Great British pence per share, a gain from 12 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 £2.4 million, an increase from £2.3 million in the year-earlier period.

Total revenue fell 7.5% on an annual basis to £176.8 million from £191.1 million, and total operating expenses decreased 7.8% from the prior-year period to £173.1 million from £187.7 million.

Reported net income decreased 7.6% from the prior-year period to £2.8 million, or 14 pence per share, from £3.0 million, or 15 pence per share.

For the year, the company's normalized net income totaled 28 pence per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 37 pence.

EPS rose from 27 pence in the prior year.

Normalized net income was £5.4 million, a rise from £5.2 million in the prior year.

Full-year total revenue fell 8.7% year over year to £377.4 million from £413.6 million, and total operating expenses declined 9.0% year over year to £368.7 million from £405.3 million.

The company said reported net income came to £6.7 million, or 34 pence per share, in the full year, compared with £6.7 million, or 35 pence per share, the prior year.