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Science in Sport H1 loss narrows YOY

Science in Sport PLC said its normalized net income for the first half amounted to a loss of 1 Great British pence per share, compared with a loss of 3 pence per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of £525,630, compared with a loss of £650,630 in the prior-year period.

Total revenue increased 23.7% year over year to £6.5 million from £5.2 million, and total operating expenses rose 16.5% year over year to £7.3 million from £6.3 million.

Reported net income came to a loss of £681,000, or a loss of 2 pence per share, compared to a loss of £948,000, or a loss of 4 pence per share, in the year-earlier period.