trending Market Intelligence /marketintelligence/en/news-insights/trending/_JUICf0Ga9BlQH4E7djkWg2 content esgSubNav
In This List

AA PLC fiscal Q4 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


AA PLC fiscal Q4 profit falls YOY

AA PLC said its normalized net income for the fiscal fourth quarter ended Jan. 31 came to 2 Great British pence per share, a decrease of 59.4% from 5 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 £11.0 million, a decrease of 52.0% from £22.9 million in the year-earlier period.

The normalized profit margin fell to negative 7.7% from 9.3% in the year-earlier period.

Total revenue came to £247.5 million, compared with £245.8 million in the year-earlier period, and total operating expenses grew 7.2% year over year to £123.6 million from £115.3 million.

Reported net income came to a loss of £14.6 million, or a loss of 3 pence per share, compared to income of £35.1 million, or 7 pence per share, in the prior-year period.

For the year, the company's normalized net income totaled 13 pence per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 28 pence.

EPS declined 51.7% from 28 pence in the prior year.

Normalized net income was £70.1 million, a decrease of 46.4% from £130.8 million in the prior year.

Full-year total revenue amounted to £983.5 million, compared with £973.9 million in the prior year, and total operating expenses increased on an annual basis to £621.7 million from £593.0 million.

The company said reported net income decreased 54.8% year over year to £69.3 million, or 13 pence per share, in the full year, from £153.5 million, or 33 pence per share.