Walker Greenbank PLC said its normalized net income for the fiscal second half ended Jan. 31 was 4 Great British pence per share, a gain of 16.5% from 3 pence per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £2.5 million, a gain of 16.6% from £2.2 million in the year-earlier period.

Total revenue increased 7.2% year over year to £42.2 million from £39.4 million, and total operating expenses grew 6.7% from the prior-year period to £38.1 million from £35.7 million.

Reported net income declined 10.2% on an annual basis to £3.1 million, or 5 pence per share, from £3.5 million, or 6 pence per share.

For the year, the company's normalized net income totaled 6 pence per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 11 pence.

EPS rose 15.6% from 6 pence in the prior year.

Normalized net income was £4.0 million, an increase of 15.2% from £3.4 million in the prior year.

Full-year total revenue grew 6.3% from the prior-year period to £83.4 million from £78.4 million, and total operating expenses grew 5.8% on an annual basis to £76.9 million from £72.6 million.

The company said reported net income grew year over year to £5.1 million, or 8 pence per share, in the full year, from £5.0 million, or 8 pence per share.