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Colefax Group fiscal H1 profit climbs 13.6% YOY

Colefax Group PLC said its normalized net income for the fiscal first half ended Oct. 31, 2015, came to 19 Great British pence per share, a gain of 17.6% from 16 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 £2.0 million, an increase of 13.6% from £1.8 million in the year-earlier period.

Total revenue climbed year over year to £38.0 million from £37.4 million, and total operating expenses came to £34.7 million, compared with £34.6 million in the year-earlier period.

Reported net income grew 15.3% from the prior-year period to £2.3 million, or 22 pence per share, from £2.0 million, or 18 pence per share.