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Telford Homes fiscal H1 profit climbs 21.8% YOY

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Telford Homes fiscal H1 profit climbs 21.8% YOY

Telford Homes PLC said its normalized net income for the fiscal first half ended Sept. 30 came to 10 Great British pence per share, an increase of 12.0% from 9 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 £5.9 million, an increase of 21.8% from £4.8 million in the prior-year period.

Total revenue fell 35.3% on an annual basis to £42.3 million from £65.3 million, and total operating expenses fell 27.0% year over year to £42.6 million from £58.3 million.

Reported net income rose 23.8% from the prior-year period to £7.4 million, or 12 pence per share, from £6.0 million, or 11 pence per share.