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Longtable Group fiscal H1 loss narrows YOY

Longtable Group Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2015, was a loss of A$866,380, compared with a loss of A$1.2 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue declined 80.4% year over year to A$12,960 from A$66,280, and total operating expenses decreased 26.5% year over year to A$1.4 million from A$1.9 million.

Reported net income totaled a loss of A$1.4 million, or a loss of 1 cents per share, compared to a loss of A$1.9 million, or a loss of 2 cents per share, in the prior-year period.