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Cranswick fiscal H1 profit climbs 11.4% YOY

Cranswick PLC said its normalized net income for the fiscal first half ended Sept. 30 amounted to 33 Great British pence per share, a gain of 10.5% from 30 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 £16.1 million, an increase of 11.4% from £14.5 million in the year-earlier period.

Total revenue totaled £481.5 million, compared with £483.5 million in the year-earlier period, and total operating expenses came to £455.3 million, compared with £459.9 million in the year-earlier period.

Reported net income fell 9.2% from the prior-year period to £19.2 million, or 39 pence per share, from £21.1 million, or 43 pence per share.