Emova Group SA said its normalized net income for the fiscal first half ended March 31 was a loss of €369,130, compared with a loss of €626,750 in the year-earlier period.

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

Total revenue climbed 16.3% on an annual basis to €7.0 million from €6.0 million, and total operating expenses climbed 8.1% from the prior-year period to €7.0 million from €6.4 million.

Reported net income totaled a loss of €1.1 million, or a loss of 1 cents per share, compared to a loss of €819,460, or a loss of 1 cents per share, in the year-earlier period.