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Guy Degrenne fiscal H1 loss narrows YOY

Guy Degrenne SA said its normalized net income for the fiscal first half ended Sept. 30 came to a loss of 4 euro cents per share, compared with a loss of 15 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 €375,000, compared with a loss of €1.0 million in the year-earlier period.

Total revenue fell on an annual basis to €35.9 million from €37.4 million, and total operating expenses decreased 7.0% from the prior-year period to €36.0 million from €38.7 million.

Reported net income came to a loss of €2.7 million, or a loss of 30 cents per share, compared to a loss of €3.6 million, or a loss of 56 cents per share, in the year-earlier period.