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Debenhams fiscal H1 profit climbs YOY

Debenhams PLC said its normalized net income for the fiscal first half ended Feb. 28 amounted to 5 Great British pence per share, compared with the S&P Capital IQ consensus estimate of 5 pence per share.

EPS increased year over year from 4 pence.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £55.6 million, an increase from £53.3 million in the first half ended March 1, 2014.

Total revenue rose year over year to £1.33 billion from £1.30 billion, and total operating expenses climbed from the prior-year period to £1.23 billion from £1.21 billion.

Reported net income grew 5.2% year over year to £72.5 million, or 6 pence per share, from £68.9 million, or 6 pence per share.