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Vivanco Gruppe H1 loss widens YOY

Vivanco Gruppe AG said its normalized net income for the first half was a loss of 9 euro cents per share, compared with a loss of 2 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 €503,380, compared with a loss of €93,880 in the year-earlier period.

Total revenue decreased 5.2% year over year to €36.4 million from €38.4 million, and total operating expenses declined on an annual basis to €35.9 million from €37.4 million.

Reported net income totaled a loss of €949,000, or a loss of 17 cents per share, compared to a loss of €54,000, or a loss of 1 cents per share, in the prior-year period.