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Brighton Pier Group fiscal H1 profit falls YOY

Brighton Pier Group PLC said its normalized net income for the fiscal first half ended Dec. 28, 2014, came to £29,380, a fall of 88.7% from £259,380 in the prior-year period.

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

Total revenue increased 11.2% on an annual basis to £12.3 million from £11.0 million, and total operating expenses climbed 17.9% on an annual basis to £12.1 million from £10.3 million.

Reported net income came to a loss of £512,000, or a loss of 4 pence per share, compared to a loss of £387,870, or a loss of 5 pence per share, in the prior-year period.