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CSP International Fashion H1 loss narrows YOY

CSP International Fashion Group S.p.A. said its normalized net income for the first half amounted to a loss of 4 euro cents per share, compared with a loss of 8 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €1.3 million, compared with a loss of €2.5 million in the year-earlier period.

Total revenue grew 5.0% year over year to €52.1 million from €49.6 million, and total operating expenses rose on an annual basis to €54.1 million from €53.4 million.

Reported net income totaled a loss of €2.0 million, or a loss of 6 cents per share, compared to a loss of €2.9 million, or a loss of 9 cents per share, in the year-earlier period.