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Findel fiscal-year profit climbs 28.7% YOY

Findel PLC said its normalized net income for the fiscal full year ended March 27 came to 19 Great British pence per share, compared with the S&P Capital IQ consensus estimate of 23 pence per share.

EPS rose 52.2% year over year from 13 pence.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £16.6 million, a gain of 28.7% from £12.9 million in the year-earlier period.

The normalized profit margin climbed to 4.3% from 2.7% in the year-earlier period.

Total revenue grew on an annual basis to £481.4 million from £468.2 million, and total operating expenses grew on an annual basis to £445.1 million from £438.6 million.

Reported net income totaled a loss of £6.1 million, or a loss of 7 pence per share, compared to income of £3.8 million, or 4 pence per share, in the year-earlier period.