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Klick Data fiscal H1 profit falls YOY

Klick Data AB said its normalized net income for the fiscal first half ended Oct. 31 was 44 Swedish öre per share, a decline of 50.7% from 89 öre per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.1 million kronor, a decline of 50.2% from 2.2 million kronor in the prior-year period.

Total revenue fell 18.0% year over year to 5.2 million kronor from 6.3 million kronor, and total operating expenses climbed on an annual basis to 3.2 million kronor from 3.2 million kronor.

Reported net income decreased 50.2% from the prior-year period to 1.7 million kronor, or 70 öre per share, from 3.5 million kronor, or 1.42 kronor per share.

As of Dec. 3, US$1 was equivalent to 7.52 Swedish kronor.