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Marshall Motor H1 profit climbs 16.4% YOY

Marshall Motor Holdings PLC said its first-half normalized net income amounted to 16 Great British pence per share, a decrease of 90.3% from £1.69 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £6.9 million, an increase of 16.4% from £5.9 million in the prior-year period.

Total revenue increased 16.0% on an annual basis to £632.5 million from £545.4 million, and total operating expenses rose 16.0% on an annual basis to £620.0 million from £534.7 million.

Reported net income rose 11.2% from the prior-year period to £8.2 million, or 19 pence per share, from £7.3 million, or £2.08 per share.