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Royal Highgate swings to loss in H1

Royal Highgate Public Company Ltd said its first-half normalized net income amounted to a loss of €91,650, compared with income of €67,920 in the year-earlier period.

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

Total revenue decreased on an annual basis to €6.5 million from €6.6 million, and total operating expenses increased year over year to €6.7 million from €6.5 million.

Reported net income came to a loss of €150,480, or a loss of 0 cents per share, compared to income of €100,530, or 0 cents per share, in the prior-year period.