Thomas Cook Group PLC said its normalized net income for the fiscal second half ended Sept. 30, 2015, was 16 Great British pence per share, a decrease of 5.9% from 17 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 £238.3 million, compared with £239.3 million in the year-earlier period.
Total revenue fell 8.7% year over year to £5.09 billion from £5.58 billion, and total operating expenses fell 9.3% from the prior-year period to £4.62 billion from £5.09 billion.
Reported net income rose 32.4% year over year to £325.8 million, or 21 pence per share, from £246.0 million, or 17 pence per share.
For the year, the company's normalized net income totaled 6 pence per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 9 pence.
EPS declined 5.7% from 6 pence in the prior year.
Normalized net income was £87.1 million, a decline from £89.5 million in the prior year.
Full-year total revenue declined 8.8% on an annual basis to £7.83 billion from £8.59 billion, and total operating expenses fell 9.0% on an annual basis to £7.54 billion from £8.29 billion.
The company said reported net income came to £23.8 million, or 2 pence per share, in the full year, compared with a loss of £118.0 million, or a loss of 8 pence per share, the prior year.