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Cybergun swings to loss in fiscal H1

Cybergun SA said its normalized net income for the fiscal first half ended Sept. 30, 2014, came to a loss of 97 euro cents per share, compared with €1.06 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €1.4 million, compared with income of €1.1 million in the year-earlier period.

Total revenue fell 15.4% year over year to €22.3 million from €26.4 million, and total operating expenses fell 11.1% on an annual basis to €23.8 million from €26.8 million.

Reported net income came to a loss of €2.1 million, or a loss of €1.48 per share, compared to income of €1.1 million, or €1.06 per share, in the prior-year period.