Marshall Motor Holdings PLC said its first-half normalized net income was 11 Great British pence per share, a decline of 28.2% from 15 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 £8.7 million, a gain of 34.1% from £6.5 million in the year-earlier period.

Total revenue grew 30.7% on an annual basis to £826.4 million from £632.5 million, and total operating expenses rose 30.5% year over year to £810.1 million from £620.7 million.

Reported net income rose 10.4% on an annual basis to £9.0 million, or 11 pence per share, from £8.2 million, or 19 pence per share.