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John Lewis of Hungerford swings to loss in fiscal H1

John Lewis of Hungerford PLC said its normalized net income for the fiscal first half ended Feb. 28 came to a loss of £127,500, compared with income of £31,250 in the prior-year period.

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

Total revenue came to £3.5 million, compared with £3.6 million in the prior-year period, and total operating expenses increased 6.1% on an annual basis to £3.7 million from £3.5 million.

Reported net income came to a loss of £205,420, or a loss of 0 pence per share, compared to income of £59,580, or 0 pence per share, in the prior-year period.