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Photo-Me International fiscal H1 profit falls YOY

Photo-Me International PLC said its normalized net income for the fiscal first half ended Oct. 31 was 4 Great British pence per share, a decrease of 10.7% from 5 pence per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £16.1 million, a decline of 10.3% from £17.9 million in the prior-year period.

Total revenue decreased year over year to £92.8 million from £96.4 million, and total operating expenses totaled £67.4 million, compared with £67.7 million in the prior-year period.

Reported net income declined 8.4% from the prior-year period to £18.8 million, or 5 pence per share, from £20.5 million, or 5 pence per share.