Redrow PLC said its normalized net income for the fiscal first half ended Dec. 31, 2014, came to 16 Great British pence per share, compared with the S&P Capital IQ consensus estimate of 20 pence per share.
EPS rose 92.5% year over year from 8 pence.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £57.0 million, a gain of 92.0% from £29.7 million in the year-earlier period.
Total revenue increased 54.4% on an annual basis to £560.6 million from £363.0 million, and total operating expenses increased 48.2% on an annual basis to £465.2 million from £314.0 million.
Reported net income rose year over year to £72.4 million, or 20 pence per share, from £35.4 million, or 10 pence per share.
