Funtastic Ltd. said its normalized net income for the fiscal first half ended Jan. 31 amounted to a loss of 7 Australian cents per share, compared with a loss of 18 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of A$1.9 million, compared with a loss of A$4.7 million in the prior-year period.

Total revenue climbed 13.1% on an annual basis to A$57.1 million from A$50.4 million, and total operating expenses grew from the prior-year period to A$58.8 million from A$57.6 million.

Reported net income came to a loss of A$3.5 million, or a loss of 13 cents per share, compared to a loss of A$46.0 million, or a loss of A$1.72 per share, in the prior-year period.