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Boohoo.com fiscal H1 profit climbs 55.9% YOY

boohoo.com plc said its normalized net income for the fiscal first half ended Aug. 31 was £3.6 million, a rise of 55.9% from £2.3 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue rose 30.7% year over year to £67.2 million from £51.4 million, and total operating expenses grew 29.2% on an annual basis to £61.6 million from £47.7 million.

Reported net income grew 16.1% on an annual basis to £3.3 million, or 0 pence per share, from £2.8 million, or 0 pence per share.