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Nichols H1 profit climbs 9.1% YOY

Nichols PLC said its first-half normalized net income was 18 Great British pence per share, an increase of 9.1% from 17 pence per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £6.8 million, a gain of 9.1% from £6.3 million in the prior-year period.

Total revenue totaled £54.7 million, compared with £54.7 million in the prior-year period, and total operating expenses declined from the prior-year period to £44.0 million from £44.7 million.

Reported net income rose year over year to £8.7 million, or 24 pence per share, from £1.6 million, or 4 pence per share.