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United Carpets fiscal H1 profit climbs 18.1% YOY

United Carpets Group PLC said its normalized net income for the fiscal first half ended Sept. 30 amounted to £333,750, a gain of 18.1% from £282,500 in the prior-year period.

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

Total revenue decreased 11.6% on an annual basis to £9.1 million from £10.3 million, and total operating expenses decreased 12.9% on an annual basis to £8.6 million from £9.8 million.

Reported net income grew 10.6% year over year to £345,000, or 0 pence per share, from £312,000, or 0 pence per share.