Moss Bros Group PLC said its normalized net income for the fiscal second half ended Jan. 31 came to 2 Great British pence per share, an increase of 31.8% from 1 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 £1.8 million, a gain of 30.9% from £1.4 million in the prior-year period.
Total revenue increased 5.6% on an annual basis to £59.0 million from £55.8 million, and total operating expenses rose from the prior-year period to £56.1 million from £53.7 million.
Reported net income grew 29.9% from the prior-year period to £2.4 million, or 2 pence per share, from £1.9 million, or 2 pence per share.
For the year, the company's normalized net income totaled 3 pence per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 3 pence.
EPS rose 8.0% from 3 pence in the prior year.
Normalized net income was £3.0 million, a gain of 9.0% from £2.8 million in the prior year.
Full-year total revenue increased 5.1% on an annual basis to £114.7 million from £109.1 million, and total operating expenses increased year over year to £110.0 million from £104.8 million.
The company said reported net income increased 8.7% on an annual basis to £3.9 million, or 4 pence per share, in the full year, from £3.6 million, or 4 pence per share.
