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Scholium Group swings to loss in fiscal H1

Scholium Group PLC said its normalized net income for the fiscal first half ended Sept. 30 was a loss of 1 Great British pence per share, compared with 1 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 £135,000, compared with income of £66,880 in the prior-year period.

Total revenue increased year over year to £2.8 million from £2.7 million, and total operating expenses increased 20.1% from the prior-year period to £3.0 million from £2.5 million.

Reported net income totaled a loss of £187,590, or a loss of 1 pence per share, compared to income of £296,000, or 6 pence per share, in the year-earlier period.