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SSP Group profit misses consensus by 34.3% in fiscal H1

SSP Group PLC said its normalized net income for the fiscal first half ended March 31 amounted to £5.4 million, compared with a loss of £687,500 in the year-earlier period.

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

Total revenue came to £859.2 million, compared with £865.8 million in the prior-year period, and total operating expenses decreased on an annual basis to £836.9 million from £849.1 million.

Reported net income came to £7.6 million, or 2 pence per share, compared to a loss of £14.1 million, or a loss of 6 pence per share, in the prior-year period.