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Donaco International swings to loss in fiscal H1

Donaco International Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, came to a loss of A$924,170, compared with income of A$2.2 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$10.2 million from A$10.0 million, and total operating expenses climbed on an annual basis to A$11.0 million from A$4.5 million.

Reported net income came to a loss of A$1.5 million, or a loss of 0 cents per share, compared to income of A$2.5 million, or 1 cents per share, in the prior-year period.