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Lasseters International fiscal H1 loss widens 26.6% YOY

Lasseters International Holdings Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, was a loss of A$1.4 million, compared with a loss of A$1.1 million in the prior-year period.

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

Total revenue declined on an annual basis to A$26.3 million from A$27.2 million, and total operating expenses fell on an annual basis to A$25.6 million from A$26.1 million.

Reported net income came to a loss of A$2.5 million, or a loss of 1 cents per share, compared to a loss of A$35,920, or a loss of 0 cents per share, in the year-earlier period.