Blue Island PLC said its first-half normalized net income was €90,490, a fall of 87.0% from €693,500 in the year-earlier period.

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

Total revenue rose on an annual basis to €9.5 million from €9.4 million, and total operating expenses increased 13.7% year over year to €9.3 million from €8.2 million.

Reported net income grew on an annual basis to €571,960, or 4 cents per share, from €202,930, or 1 cents per share.