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ScS Group fiscal H1 loss widens YOY

ScS Group PLC said its normalized net income for the fiscal first half ended Jan. 24 came to a loss of 15 Great British pence per share, compared with a loss of 4 pence per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of £5.7 million, compared with a loss of £1.6 million in the prior-year period.

Total revenue climbed 14.5% year over year to £132.0 million from £115.3 million, and total operating expenses rose 15.7% from the prior-year period to £137.3 million from £118.7 million.

Reported net income totaled a loss of £11.7 million, or a loss of 31 pence per share, compared to a loss of £1.7 million, or a loss of 5 pence per share, in the year-earlier period.