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C.H. Bailey swings to profit in fiscal H1

C.H. Bailey PLC said its normalized net income for the fiscal first half ended Sept. 30 was £18,870, compared with a loss of £333,850 in the prior-year period.

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

Total revenue climbed 13.7% year over year to £2.7 million from £2.4 million, and total operating expenses fell from the prior-year period to £2.8 million from £2.8 million.

Reported net income came to £32,460, or 0 pence per share, compared to a loss of £853,850, or a loss of 11 pence per share, in the prior-year period.