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AA PLC fiscal Q3 profit climbs 7.3% YOY

AA PLC said its normalized net income for the fiscal third quarter ended Oct. 31 came to £22.1 million, an increase of 7.3% from £20.6 million in the year-earlier period.

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

The normalized profit margin increased to 9.0% from 8.5% in the year-earlier period.

Total revenue came to £245.1 million, compared with £244.0 million in the prior-year period, and total operating expenses increased on an annual basis to £163.5 million from £159.0 million.

Reported net income came to £28.9 million, compared with £15.3 million in the prior-year period.