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Victoria PLC fiscal H2 profit climbs YOY

Victoria PLC said its normalized net income for the fiscal second half ended March 28 was 4 Great British pence per share, a gain of 42.5% from 3 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 £2.9 million, an increase from £971,880 in the prior-year period.

Total revenue climbed year over year to £87.8 million from £36.9 million, and total operating expenses rose on an annual basis to £82.0 million from £35.0 million.

Reported net income increased from the prior-year period to £1.7 million, or 2 pence per share, from £1.7 million, or 5 pence per share.

For the year, the company's normalized net income totaled 7 pence per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 7 pence.

EPS rose 99.6% from 4 pence in the prior year.

Normalized net income was £4.4 million, a gain from £1.3 million in the prior year.

Full-year total revenue increased 79.7% on an annual basis to £128.3 million from £71.4 million, and total operating expenses rose 74.0% year over year to £119.7 million from £68.8 million.

The company said reported net income totaled a loss of £4.6 million, or a loss of 8 pence per share, in the full year, compared with income of £1.6 million, or 5 pence per share, the prior year.