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PureCircle fiscal H1 loss widens 82.8% YOY

PureCircle Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, came to a loss of $2.7 million, compared with a loss of $1.5 million in the prior-year period.

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

Total revenue climbed 24.0% on an annual basis to $43.2 million from $34.9 million, and total operating expenses rose 23.3% year over year to $42.4 million from $34.4 million.

Reported net income totaled a loss of $899,000, or a loss of 1 cents per share, compared to a loss of $1.9 million, or a loss of 1 cents per share, in the year-earlier period.