Chapel Down Group PLC said its first-half normalized net income came to a loss of £42,100, compared with a loss of £106,310 in the prior-year period.

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

Total revenue climbed 13.6% on an annual basis to £2.6 million from £2.3 million, and total operating expenses increased 8.1% year over year to £2.7 million from £2.5 million.

Reported net income totaled a loss of £64,700, or a loss of 0 pence per share, compared to a loss of £161,570, or a loss of 0 pence per share, in the year-earlier period.