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Brighton Pier Group fiscal H1 profit climbs YOY

Brighton Pier Group PLC said its normalized net income for the fiscal first half ended Dec. 27, 2015, came to £188,130, a rise from £7,500 in the year-earlier period.

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

Total revenue declined 11.6% year over year to £10.7 million from £12.1 million, and total operating expenses declined 13.8% on an annual basis to £10.4 million from £12.0 million.

Reported net income came to £283,750, or 2 pence per share, compared to a loss of £512,000, or a loss of 4 pence per share, in the year-earlier period.