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Cooks Global Foods fiscal H1 loss widens 28.8% YOY

Cooks Global Foods Ltd. said its normalized net income for the fiscal first half ended Sept. 30 came to a loss of NZ$948,130, compared with a loss of NZ$736,250 in the prior-year period.

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

Total revenue rose year over year to NZ$4.5 million from NZ$4.3 million, and total operating expenses rose 8.4% year over year to NZ$5.9 million from NZ$5.4 million.

Reported net income came to a loss of NZ$1.6 million, or a loss of 0 cents per share, compared to a loss of NZ$1.2 million, or a loss of 0 cents per share, in the year-earlier period.

As of Dec. 14, US$1 was equivalent to NZ$1.48.