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Caffyns fiscal H1 profit climbs 53.1% YOY

Caffyns PLC said its normalized net income for the fiscal first half ended Sept. 30 was 25 Great British pence per share, a gain of 53.2% from 16 pence per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £695,630, an increase of 53.1% from £454,380 in the prior-year period.

Total revenue climbed 11.3% year over year to £103.9 million from £93.4 million, and total operating expenses climbed 10.8% year over year to £102.1 million from £92.2 million.

Reported net income rose 22.4% on an annual basis to £1.0 million, or 38 pence per share, from £855,270, or 31 pence per share.