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Webster fiscal H1 loss widens 52.4% YOY

Webster Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, came to a loss of A$1.9 million, compared with a loss of A$1.3 million in the year-earlier period.

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

Total revenue grew 18.8% on an annual basis to A$13.2 million from A$11.1 million, and total operating expenses rose on an annual basis to A$20.5 million from A$19.5 million.

Reported net income came to a loss of A$4.3 million, or a loss of 3 cents per share, compared to a loss of A$1.4 million, or a loss of 1 cents per share, in the prior-year period.