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Delecta fiscal H1 loss narrows YOY

Delecta Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, was a loss of A$542,500, compared with a loss of A$796,880 in the prior-year period.

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

Total revenue decreased 16.1% year over year to A$9.0 million from A$10.7 million, and total operating expenses decreased 9.7% from the prior-year period to A$10.0 million from A$11.0 million.

Reported net income came to a loss of A$868,000, or a loss of 0 cents per share, compared to a loss of A$1.3 million, or a loss of 0 cents per share, in the year-earlier period.