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Portmeirion H1 profit climbs 44.8% YOY

Portmeirion Group PLC said its first-half normalized net income amounted to 10 Great British pence per share, an increase of 45.4% from 7 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 £1.1 million, a gain of 44.8% from £758,130 in the prior-year period.

Total revenue rose 13.6% on an annual basis to £27.9 million from £24.5 million, and total operating expenses increased 12.3% year over year to £26.2 million from £23.3 million.

Reported net income increased 40.1% year over year to £1.4 million, or 13 pence per share, from £972,520, or 9 pence per share.