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3P Learning swings to loss in fiscal H1

3P Learning Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, was a loss of 2 Australian cents per share, compared with 1 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 a loss of A$3.1 million, compared with income of A$1.8 million in the year-earlier period.

Total revenue climbed 19.0% year over year to A$18.2 million from A$15.3 million, and total operating expenses grew 76.3% year over year to A$24.1 million from A$13.7 million.

Reported net income totaled a loss of A$3.1 million, or a loss of 2 cents per share, compared to income of A$2.6 million, or 2 cents per share, in the year-earlier period.