Cranswick PLC said its normalized net income for the fiscal second half ended March 31 came to 40 Great British pence per share, compared with the S&P Capital IQ consensus estimate of 49 pence per share.

EPS rose 6.6% year over year from 37 pence.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £19.7 million, an increase of 7.1% from £18.4 million in the prior-year period.

Total revenue rose year over year to £521.8 million from £511.4 million, and total operating expenses rose on an annual basis to £489.9 million from £481.6 million.

Reported net income came to £22.1 million, or 45 pence per share, compared to £22.1 million, or 45 pence per share, in the year-earlier period.

For the year, the company's normalized net income totaled 73 pence per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 90 pence.

EPS rose 8.3% from 67 pence in the prior year.

Normalized net income was £35.8 million, a gain of 9.0% from £32.9 million in the prior year.

Full-year total revenue amounted to £1.00 billion, compared with £994.9 million in the prior year, and total operating expenses totaled £945.3 million, compared with £941.4 million in the year-earlier period.

The company said reported net income declined on an annual basis to £41.2 million, or 84 pence per share, in the full year, from £43.2 million, or 88 pence per share.