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United Carpets fiscal H1 profit climbs 10.1% YOY

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United Carpets fiscal H1 profit climbs 10.1% YOY

United Carpets Group PLC said its normalized net income for the fiscal first half ended Sept. 30 was £367,500, a rise of 10.1% from £333,750 in the year-earlier period.

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

Total revenue grew 11.5% year over year to £10.1 million from £9.1 million, and total operating expenses rose 11.6% on an annual basis to £9.6 million from £8.6 million.

Reported net income rose 46.5% from the prior-year period to £500,790, or 1 pence per share, from £341,880, or 0 pence per share.