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Temple & Webster fiscal H1 loss widens YOY

Temple & Webster Group Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2015, came to a loss of A$11.1 million, compared with a loss of A$1.3 million in the year-earlier period.

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

Total revenue rose 47.2% on an annual basis to A$21.3 million from A$14.4 million, and total operating expenses increased 90.7% on an annual basis to A$31.4 million from A$16.4 million.

Reported net income came to a loss of A$17.7 million, or a loss of 36 cents per share, compared to a loss of A$3.0 million in the prior-year period.