Warpaint London PLC said its first-half normalized net income amounted to £2.0 million, a gain of 27.4% from £1.6 million in the year-earlier period.

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

Total revenue rose 18.4% on an annual basis to £12.7 million from £10.8 million, and total operating expenses grew 15.8% from the prior-year period to £9.5 million from £8.2 million.

Reported net income rose 40.1% year over year to £2.7 million, or 4 pence per share, from £1.9 million.