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Hornby fiscal H1 loss narrows YOY

Hornby PLC said its normalized net income for the fiscal first half ended Sept. 30 amounted to a loss of £322,500, compared with a loss of £680,000 in the year-earlier period.

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

Total revenue grew 7.6% year over year to £24.2 million from £22.5 million, and total operating expenses increased from the prior-year period to £24.4 million from £23.3 million.

Reported net income came to a loss of £509,000, or a loss of 1 pence per share, compared to a loss of £1.0 million, or a loss of 3 pence per share, in the prior-year period.