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Hydro Hotel Eastbourne fiscal H1 loss widens 78.6% YOY

Hydro Hotel Eastbourne PLC said its normalized net income for the fiscal first half ended April 30 amounted to a loss of 17 Great British pence per share, compared with a loss of 10 pence 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 £104,180, compared with a loss of £58,320 in the year-earlier period.

Total revenue fell on an annual basis to £1.3 million from £1.3 million, and total operating expenses rose from the prior-year period to £1.5 million from £1.4 million.

Reported net income came to a loss of £166,690, or a loss of 28 pence per share, compared to a loss of £93,320, or a loss of 16 pence per share, in the year-earlier period.