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21st Century Technology H1 loss widens YOY

21st Century Technology PLC said its normalized net income for the first half was a loss of £264,380, compared with a loss of £125,630 in the prior-year period.

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

Total revenue increased 35.8% on an annual basis to £6.4 million from £4.7 million, and total operating expenses rose 39.0% on an annual basis to £6.8 million from £4.9 million.

Reported net income totaled a loss of £475,520, or a loss of 1 pence per share, compared to a loss of £354,310, or a loss of 0 pence per share, in the prior-year period.