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Caffyns fiscal H2 profit falls YOY

Caffyns PLC said its normalized net income for the fiscal second half ended March 31 was 28 Great British pence per share, a decrease of 11.0% from 32 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 £798,130, a decline of 11.3% from £899,380 in the prior-year period.

Total revenue increased 6.6% year over year to £106.4 million from £99.8 million, and total operating expenses climbed 6.7% from the prior-year period to £104.5 million from £97.9 million.

Reported net income grew on an annual basis to £8.2 million, or £2.93 per share, from £555,500, or 20 pence per share.

For the year, the company's normalized net income totaled 53 pence per share, a gain of 10.6% from 48 pence per share in the prior year.

Normalized net income was £1.5 million, a rise of 10.3% from £1.4 million in the prior year.

Full-year total revenue increased 8.9% year over year to £210.3 million from £193.2 million, and total operating expenses rose 8.7% on an annual basis to £206.6 million from £190.1 million.

The company said reported net income grew year over year to £9.3 million, or £3.31 per share, in the full year, from £1.4 million, or 50 pence per share.