Crawshaw Group PLC said its normalized net income for the fiscal second half ended Jan. 31 was £325,460, a decrease of 24.0% from £428,450 in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
Total revenue climbed 14.0% on an annual basis to £12.8 million from £11.2 million, and total operating expenses rose 17.0% on an annual basis to £12.3 million from £10.5 million.
Reported net income fell 29.8% year over year to £383,920, or 0 pence per share, from £546,970, or 1 pence per share.
For the year, the company's normalized net income totaled 1 pence per share, a gain from 1 pence per share in the prior year.
Normalized net income was £746,500, a gain of 21.3% from £615,490 in the prior year.
Full-year total revenue grew 17.1% on an annual basis to £24.6 million from £21.0 million, and total operating expenses rose 17.2% on an annual basis to £23.5 million from £20.0 million.
The company said reported net income rose 8.7% on an annual basis to £891,910, or 1 pence per share, in the full year, from £820,450, or 1 pence per share.
