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Tipiak H1 loss widens 18.9% YOY

Tipiak SA said its normalized net income for the first half amounted to a loss of €1.60 per share, compared with a loss of €1.34 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €1.4 million, compared with a loss of €1.2 million in the year-earlier period.

Total revenue grew year over year to €84.5 million from €80.8 million, and total operating expenses increased 5.1% year over year to €86.6 million from €82.4 million.

Reported net income came to a loss of €1.4 million, or a loss of €1.64 per share, compared to a loss of €1.2 million, or a loss of €1.35 per share, in the prior-year period.