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Medaphor Group H1 loss widens YOY

Medaphor Group PLC said its normalized net income for the first half amounted to a loss of 3 Great British pence per share, compared with a loss of 3 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 £624,130, compared with a loss of £617,790 in the prior-year period.

Total revenue increased 16.9% year over year to £1.3 million from £1.1 million, and total operating expenses climbed 9.2% from the prior-year period to £2.3 million from £2.1 million.

Reported net income came to a loss of £998,610, or a loss of 4 pence per share, compared to a loss of £988,470, or a loss of 5 pence per share, in the year-earlier period.