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Daniel Thwaites fiscal H1 profit climbs 22.0% YOY

Daniel Thwaites PLC said its normalized net income for the fiscal first half ended Sept. 30 came to 6 Great British pence per share, a gain of 22.3% from 5 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 £3.8 million, an increase of 22.0% from £3.1 million in the year-earlier period.

Total revenue declined on an annual basis to £71.1 million from £71.9 million, and total operating expenses declined from the prior-year period to £62.7 million from £64.6 million.

Reported net income grew 38.2% on an annual basis to £4.7 million, or 8 pence per share, from £3.4 million, or 6 pence per share.