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Daniel Thwaites fiscal-year profit climbs 30.5% YOY

Daniel Thwaites PLC said its normalized net income for the fiscal full year ended March 31 came to 8 Great British pence per share, an increase of 30.5% from 6 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 £4.8 million, an increase of 30.5% from £3.7 million in the year-earlier period.

The normalized profit margin fell to negative 3.7% from 4.9% in the year-earlier period.

Total revenue increased year over year to £78.2 million from £75.3 million, and total operating expenses rose from the prior-year period to £66.4 million from £65.4 million.

Reported net income totaled £1.2 million, or 2 pence per share, compared to a loss of £6.2 million, or a loss of 10 pence per share, in the prior-year period.