Airea PLC said its normalized net income for the fiscal first half ended Dec. 31, 2015, was £302,500, compared with £303,750 in the year-earlier period.

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

Total revenue decreased 5.3% on an annual basis to £12.7 million from £13.4 million, and total operating expenses declined 5.5% on an annual basis to £12.2 million from £12.9 million.

Reported net income totaled £372,000, or 1 pence per share, compared to £371,000, or 1 pence per share, in the year-earlier period.