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AGF A/S fiscal H1 loss widens YOY

AGF A/S said its normalized net income for the fiscal first half ended Dec. 31, 2014, amounted to a loss of 9 Danish øre per share, compared with a loss of 3 øre 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 9.3 million kroner, compared with a loss of 3.1 million kroner in the year-earlier period.

Total revenue fell 31.4% on an annual basis to 36.4 million kroner from 53.1 million kroner, and total operating expenses decreased 11.6% from the prior-year period to 51.3 million kroner from 58.1 million kroner.

Reported net income came to a loss of 6.9 million kroner, or a loss of 6 øre per share, compared to a loss of 4.6 million kroner, or a loss of 5 øre per share, in the prior-year period.

As of Feb. 23, US$1 was equivalent to 6.57 Danish kroner.