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HanseYachts fiscal H1 loss widens 46.9% YOY

HanseYachts AG said its normalized net income for the fiscal first half ended Dec. 31, 2014, amounted to a loss of 46 euro cents per share, compared with a loss of 43 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 €4.5 million, compared with a loss of €3.0 million in the prior-year period.

Total revenue rose 18.8% on an annual basis to €38.9 million from €32.8 million, and total operating expenses climbed 21.3% on an annual basis to €45.2 million from €37.3 million.

Reported net income totaled a loss of €7.0 million, or a loss of 73 cents per share, compared to a loss of €4.8 million, or a loss of 68 cents per share, in the year-earlier period.