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AA PLC swings to loss in fiscal Q2

4557437 said its normalized net income for the fiscal second quarter ended July 31 was a loss of 3 Great British pence per share, compared with 9 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 £13.0 million, compared with income of £41.9 million in the year-earlier period.

The normalized profit margin declined to negative 5.2% from 17.0% in the year-earlier period.

otal revenue climbed year over year to £252.4 million from £245.9 million, and total operating expenses grew 21.5% from the prior-year AA PLC