Crest Nicholson Holdings PLC said its normalized net income for the fiscal second half ended Oct. 31, 2015, came to 23 Great British pence per share, compared with the S&P Capital IQ consensus estimate of 29 pence per share.

EPS climbed 22.1% year over year from 19 pence.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £59.8 million, an increase of 22.2% from £48.9 million in the year-earlier period.

Total revenue increased 19.3% on an annual basis to £471.6 million from £395.2 million, and total operating expenses increased 19.3% year over year to £373.2 million from £312.9 million.

Reported net income grew 13.8% on an annual basis to £77.5 million, or 30 pence per share, from £68.1 million, or 27 pence per share.

For the year, the company's normalized net income totaled 38 pence per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 48 pence.

EPS rose 31.5% from 29 pence in the prior year.

Normalized net income was £96.3 million, a rise of 32.0% from £72.9 million in the prior year.

Full-year total revenue grew 26.5% year over year to £804.8 million from £636.3 million, and total operating expenses rose 26.2% on an annual basis to £642.8 million from £509.3 million.

The company said reported net income grew 25.5% year over year to £124.2 million, or 48 pence per share, in the full year, from £98.9 million, or 39 pence per share.