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Yowie Group fiscal H1 loss widens YOY

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Yowie Group fiscal H1 loss widens YOY

Yowie Group Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2015, was a loss of $1.6 million, compared with a loss of $561,120 in the prior-year period.

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

Total revenue climbed year over year to $5.7 million from $304,480, and total operating expenses grew on an annual basis to $8.3 million from $3.3 million.

Reported net income totaled a loss of $2.6 million, or a loss of 2 cents per share, compared to a loss of $896,020, or a loss of 1 cents per share, in the prior-year period.