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C.H. Bailey swings to loss in fiscal H1

C.H. Bailey PLC said its normalized net income for the fiscal first half ended Sept. 30 came to a loss of £333,530, compared with income of £33,990 in the prior-year period.

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

Total revenue fell 12.5% year over year to £2.4 million from £2.7 million, and total operating expenses decreased 8.8% year over year to £2.5 million from £2.8 million.

Reported net income totaled a loss of £717,180, or a loss of 9 pence per share, compared to income of £32,460, or 0 pence per share, in the year-earlier period.