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Kentima Holding fiscal Q2 loss narrows YOY

Kentima Holding AB (publ) said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, was a loss of 1 Swedish öre per share, compared with the S&P Capital IQ consensus estimate of a loss of 10 öre per share.

The per-share loss decreased 95.0% year over year from 22 öre.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 279,380 kronor, compared with a loss of 2.0 million kronor in the year-earlier period.

The normalized profit margin increased to negative 2.8% from negative 29.7% in the year-earlier period.

Total revenue climbed 49.7% year over year to 10.1 million kronor from 6.8 million kronor, and total operating expenses rose 5.6% on an annual basis to 10.5 million kronor from 10.0 million kronor.

Reported net income totaled a loss of 447,000 kronor, or a loss of 2 öre per share, compared to a loss of 3.2 million kronor, or a loss of 35 öre per share, in the prior-year period.

As of Feb. 12, US$1 was equivalent to 8.44 Swedish kronor.