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Airea fiscal H1 profit climbs YOY

Airea PLC said its normalized net income for the fiscal first half ended Dec. 31, 2014, was £303,750, a gain from £15,000 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue climbed 17.0% year over year to £13.5 million from £11.6 million, and total operating expenses rose 13.0% on an annual basis to £13.0 million from £11.5 million.

Reported net income rose year over year to £371,000, or 1 pence per share, from £16,000, or 0 pence per share.