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Lexibook swings to profit in fiscal H1

Lexibook - Linguistic Electronic System SA said its normalized net income for the fiscal first half ended Sept. 30 was 4 euro cents per share, compared with a loss of 20 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €192,870, compared with a loss of €813,550 in the year-earlier period.

Total revenue increased 41.8% on an annual basis to €21.5 million from €15.1 million, and total operating expenses rose 30.9% on an annual basis to €20.7 million from €15.8 million.

Reported net income totaled €558,870, or 12 cents per share, compared to a loss of €815,080, or a loss of 20 cents per share, in the year-earlier period.