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AO World fiscal H1 profit falls YOY

AO World PLC its normalized net income for the fiscal first half ended Sept. 30 was £1.3 million, a decrease from £1.3 million in the prior-year period.

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

Total revenue grew 25.1% year over year to £217.1 million from £173.5 million, and total operating expenses grew 25.5% on an annual basis to £214.9 million from £171.2 million.

Reported net income decreased 69.2% year over year to £493,000, or 0 pence per share, from £1.6 million, or 0 pence per share.