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AB Dynamics fiscal H1 profit climbs 29.4% YOY

AB Dynamics PLC said its normalized net income for the fiscal first half ended Feb. 28 came to 5 Great British pence per share, an increase of 29.4% from 4 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 £941,500, a gain of 29.4% from £727,730 in the prior-year period.

Total revenue increased 12.9% year over year to £7.6 million from £6.7 million, and total operating expenses rose 8.8% on an annual basis to £6.0 million from £5.5 million.

Reported net income grew 45.3% from the prior-year period to £1.3 million, or 7 pence per share, from £870,860, or 5 pence per share.