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Wynnstay Group fiscal H2 profit climbs YOY

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Wynnstay Group fiscal H2 profit climbs YOY

Wynnstay Group PLC said its normalized net income for the fiscal second half ended Oct. 31, 2015, amounted to 12 Great British pence per share, a gain from 12 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 £2.4 million, an increase from £2.3 million in the year-earlier period.

Total revenue fell 7.5% on an annual basis to £176.8 million from £191.1 million, and total operating expenses decreased 7.8% from the prior-year period to £173.1 million from £187.7 million.

Reported net income decreased 7.6% from the prior-year period to £2.8 million, or 14 pence per share, from £3.0 million, or 15 pence per share.

For the year, the company's normalized net income totaled 28 pence per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 37 pence.

EPS rose from 27 pence in the prior year.

Normalized net income was £5.4 million, a rise from £5.2 million in the prior year.

Full-year total revenue fell 8.7% year over year to £377.4 million from £413.6 million, and total operating expenses declined 9.0% year over year to £368.7 million from £405.3 million.

The company said reported net income came to £6.7 million, or 34 pence per share, in the full year, compared with £6.7 million, or 35 pence per share, the prior year.