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DekelOil H2 loss narrows YOY

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DekelOil H2 loss narrows YOY

DekelOil Public Ltd. said its normalized net income for the second half amounted to €39,250, compared with a loss of €327,130 in the year-earlier period.

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

Total revenue climbed 92.0% on an annual basis to €10.5 million from €5.5 million, and total operating expenses rose 50.9% year over year to €9.4 million from €6.2 million.

Reported net income came to €28,000, compared with a loss of €1.6 million in the year-earlier period.

For the year, the company's normalized net income totaled €344,000, compared with a loss of €-883,130 in the prior year.

Full-year total revenue rose year over year to €23.4 million from €10.0 million, and total operating expenses grew 86.1% year over year to €20.5 million from €11.0 million.

The company said reported net income came to a loss of €316,000, or a loss of 0 cents per share, in the full year, compared with a loss of €2.1 million, or a loss of 2 cents per share, the prior year.