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IDT International H1 loss widens YOY

4913383 said its normalized net income for the first half amounted to a loss of HK$37.1 million, compared with a loss of HK$3.6 million in the year-earlier period.

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

otal revenue declined 61.5% on an annual basis to HK$232.2 million from HK$603.1 million, and total operating expenses decreased 51.9% year over year to HK$294.6 million f IDT International Ltd.