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Ted Baker fiscal H2 profit climbs 25.8% YOY

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Ted Baker fiscal H2 profit climbs 25.8% YOY

Ted Baker Plc said its normalized net income for the fiscal second half ended Jan. 31 amounted to 49 Great British pence per share, a gain of 23.2% from 39 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 £21.5 million, a gain of 25.8% from £17.1 million in the year-earlier period.

Total revenue rose 23.2% on an annual basis to £205.4 million from £166.7 million, and total operating expenses increased 22.1% from the prior-year period to £170.6 million from £139.7 million.

Reported net income increased 20.7% on an annual basis to £24.4 million, or 55 pence per share, from £20.2 million, or 47 pence per share.

For the year, the company's normalized net income totaled 69 pence per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 82 pence.

EPS rose 23.2% from 56 pence in the prior year.

Normalized net income was £30.5 million, a gain of 25.3% from £24.3 million in the prior year.

Full-year total revenue grew 20.4% year over year to £387.6 million from £321.9 million, and total operating expenses rose 19.6% on an annual basis to £337.8 million from £282.3 million.

The company said reported net income increased 24.3% year over year to £35.8 million, or 81 pence per share, in the full year, from £28.8 million, or 66 pence per share.