Barratt Developments PLC said its normalized net income for the fiscal first half ended Dec. 31, 2014, amounted to 13 Great British pence per share, compared with the S&P Capital IQ consensus estimate of 20 pence per share.
EPS increased 73.8% year over year from 7 pence.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £131.1 million, a gain of 74.2% from £75.3 million in the prior-year period.
Total revenue grew 24.6% year over year to £1.58 billion from £1.26 billion, and total operating expenses grew 20.1% year over year to £1.35 billion from £1.13 billion.
Reported net income rose 80.8% year over year to £167.3 million, or 17 pence per share, from £92.6 million, or 9 pence per share.
