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Shoe Zone fiscal H1 profit falls YOY

Shoe Zone Plc said its normalized net income for the fiscal first half ended April 2 came to 2 Great British pence per share, a decrease from 2 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 £1.2 million, a decrease from £1.3 million in the year-earlier period.

Total revenue fell on an annual basis to £74.6 million from £78.2 million, and total operating expenses decreased year over year to £72.6 million from £76.1 million.

Reported net income declined from the prior-year period to £1.5 million, or 3 pence per share, from £1.6 million, or 3 pence per share.