Beate Uhse AG said its first-half normalized net income was a loss of 3 euro cents per share, compared with a loss of 3 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 €2.2 million, compared with a loss of €2.6 million in the year-earlier period.

Total revenue declined 20.2% on an annual basis to €52.3 million from €65.5 million, and total operating expenses decreased 18.4% year over year to €54.8 million from €67.2 million.

Reported net income totaled a loss of €3.6 million, or a loss of 5 cents per share, compared to a loss of €4.3 million, or a loss of 5 cents per share, in the prior-year period.