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Téléverbier fiscal H2 loss widens 10.9% YOY

Téléverbier SA said its normalized net income for the fiscal second half ended Oct. 31, 2015, came to CHF3.8 million, compared with a loss of CHF3.4 million in the year-earlier period.

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

Total revenue increased 15.8% on an annual basis to CHF5.8 million from CHF5.0 million, and total operating expenses climbed 9.2% on an annual basis to CHF11.2 million from CHF10.2 million.

Reported net income came to a loss of CHF5.0 million, compared with a loss of CHF4.5 million in the prior-year period.

For the year, the company's normalized net income totaled 49 centimes per share, a decline of 73.2% from CHF1.83 per share in the prior year.

Normalized net income was CHF685,000, a decrease of 73.2% from CHF2.6 million in the prior year.

Full-year total revenue fell year over year to CHF50.6 million from CHF52.8 million, and total operating expenses came to CHF49.0 million, compared with CHF48.6 million in the year-earlier period.

The company said reported net income decreased 73.5% year over year to CHF875,000, or 63 centimes per share, in the full year, from CHF3.3 million, or CHF2.36 per share.