Miliboo SA said its normalized net income for the fiscal first half ended Oct. 31, 2015, came to a loss of 20 euro cents per share, compared with a loss of 9 cents 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 €593,890, compared with a loss of €251,470 in the prior-year period.

Total revenue increased 11.8% year over year to €6.9 million from €6.2 million, and total operating expenses grew 19.2% on an annual basis to €7.8 million from €6.6 million.

Reported net income totaled a loss of €939,040, or a loss of 32 cents per share, compared to a loss of €392,160, or a loss of 14 cents per share, in the year-earlier period.