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Walker Greenbank fiscal H1 profit climbs 12.7% YOY

Walker Greenbank PLC said its normalized net income for the fiscal first half ended July 31 came to 2 Great British pence per share, an increase of 13.8% from 2 pence per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £1.4 million, an increase of 12.7% from £1.3 million in the year-earlier period.

Total revenue rose 5.4% year over year to £41.1 million from £39.1 million, and total operating expenses increased 5.0% year over year to £38.8 million from £36.9 million.

Reported net income grew 26.6% year over year to £2.0 million, or 3 pence per share, from £1.6 million, or 3 pence per share.