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Longtable Group fiscal H1 loss widens YOY

Longtable Group Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, amounted to a loss of A$1.2 million, compared with a loss of A$584,030 in the year-earlier period.

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

Total revenue fell 92.7% on an annual basis to A$66,280 from A$903,470, and total operating expenses climbed 18.6% year over year to A$2.0 million from A$1.7 million.

Reported net income totaled a loss of A$1.9 million, or a loss of 2 cents per share, compared to a loss of A$935,940, or a loss of 1 cents per share, in the year-earlier period.