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Adnams H1 profit falls YOY

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Adnams H1 profit falls YOY

Adnams PLC said its normalized net income for the first half came to £275,630, a fall of 30.3% from £395,630 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue climbed 7.1% year over year to £31.2 million from £29.1 million, and total operating expenses rose 8.1% from the prior-year period to £30.7 million from £28.4 million.

Reported net income totaled £1.5 million, compared with £802,000 in the prior-year period.