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PCG Entertainment H1 loss narrows YOY

PCG Entertainment PLC said its normalized net income for the first half amounted to a loss of $466,100, compared with a loss of $1.6 million in the prior-year period.

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

Total revenue climbed year over year to $8.6 million from $745,220, and total operating expenses rose from the prior-year period to $9.1 million from $1.9 million.

Reported net income totaled a loss of $745,770, or a loss of 0 cents per share, compared to a loss of $2.5 million, or a loss of 1 cents per share, in the prior-year period.