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Kresta Holdings H1 loss widens 22.6% YOY

Kresta Holdings Ltd. said its first-half normalized net income amounted to a loss of A$1.8 million, compared with a loss of A$1.5 million in the prior-year period.

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

Total revenue climbed on an annual basis to A$47.2 million from A$45.8 million, and total operating expenses climbed on an annual basis to A$49.9 million from A$48.1 million.

Reported net income came to a loss of A$2.0 million, or a loss of 1 cents per share, compared to a loss of A$1.9 million, or a loss of 1 cents per share, in the year-earlier period.