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Scholium Group swings to loss in fiscal year

Scholium Group PLC said its normalized net income for the fiscal full year ended March 31 amounted to a loss of 2 Great British pence per share, compared with 57 pence per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of £330,630, compared with income of £150,630 in the prior-year period.

The normalized profit margin declined to negative 6.4% from 2.5% in the year-earlier period.

Total revenue fell 15.1% year over year to £5.2 million from £6.1 million, and total operating expenses increased year over year to £5.7 million from £5.6 million.

Reported net income came to a loss of £500,000, or a loss of 4 pence per share, compared to a loss of £121,000, or a loss of 46 pence per share, in the year-earlier period.