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Abbey PLC fiscal H1 profit climbs YOY

Abbey PLC said its normalized net income for the fiscal first half ended Oct. 31 was 49 euro cents per share, a gain from 22 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €10.6 million, a gain from €4.8 million in the prior-year period.

Total revenue rose 53.9% on an annual basis to €72.5 million from €47.1 million, and total operating expenses grew 37.2% year over year to €56.0 million from €40.8 million.

Reported net income rose year over year to €13.7 million, or 64 cents per share, from €5.8 million, or 27 cents per share.