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Wynnstay Group fiscal H1 profit climbs YOY

Wynnstay Group PLC said its normalized net income for the fiscal first half ended April 30 came to 16 Great British pence per share, an increase from 15 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 £3.0 million, an increase from £2.9 million in the prior-year period.

Total revenue fell 9.9% year over year to £200.6 million from £222.5 million, and total operating expenses decreased 10.1% from the prior-year period to £195.6 million from £217.6 million.

Reported net income grew 5.6% on an annual basis to £3.9 million, or 20 pence per share, from £3.7 million, or 19 pence per share.