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MJ Gleeson fiscal H1 profit climbs YOY

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MJ Gleeson fiscal H1 profit climbs YOY

MJ Gleeson PLC said its normalized net income for the fiscal first half ended Dec. 31, 2015, amounted to 13 Great British pence per share, a gain from 6 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 £7.1 million, a gain from £3.1 million in the prior-year period.

Total revenue rose 52.0% on an annual basis to £64.8 million from £42.6 million, and total operating expenses increased 42.2% year over year to £53.5 million from £37.6 million.

Reported net income rose year over year to £9.0 million, or 17 pence per share, from £3.3 million, or 6 pence per share.