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TTA Holdings fiscal H2 loss widens YOY

4911242 said its normalized net income for the fiscal second half ended March 31 was a loss of A$589,870, compared with a loss of A$149,240 in the year-earlier period.

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

Total revenue decreased 57.2% year over year to A$10.4 million from A$24.4 million, and total operating expenses decreased 53.6% on an annual basis to A$11.3 million from A$24.4 million.

Reported net income came to a loss of A$1.2 million, or a loss of 1 cents per share, compared to a loss of A$186,600, or a loss of 0 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled A$2.7 million, compared with income of A$327,090 in the prior year.

ull-year total revenue declined 46.0% year over year to A$27.6 million from A$51.1 million, and total operating expenses fell 37.2% year over year to A$31.7 million from A$50.6 million. TTA Holdings Ltd