McColl's Retail Group PLC said its normalized net income for the fiscal second half ended Nov. 29, 2015, amounted to 8 Great British pence per share, a decline of 18.2% from 10 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 £8.3 million, a decline of 19.0% from £10.2 million in the prior-year period.
Total revenue fell year over year to £473.0 million from £478.2 million, and total operating expenses fell from the prior-year period to £458.6 million from £463.5 million.
Reported net income declined 24.1% year over year to £10.3 million, or 10 pence per share, from £13.5 million, or 13 pence per share.
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 16 pence.
EPS rose 7.8% from 12 pence in the prior year.
Normalized net income was £13.4 million, a gain of 15.5% from £11.6 million in the prior year.
Full-year total revenue increased year over year to £932.2 million from £922.4 million, and total operating expenses increased on an annual basis to £908.2 million from £897.6 million.
The company said reported net income increased 63.3% year over year to £16.1 million, or 15 pence per share, in the full year, from £9.9 million, or 10 pence per share.