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Quantum Energy swings to loss in fiscal H1

Quantum Energy Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, came to a loss of A$2.0 million, compared with income of A$488,130 in the prior-year period.

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

Total revenue fell 8.9% on an annual basis to A$16.2 million from A$17.8 million, and total operating expenses climbed from the prior-year period to A$17.8 million from A$17.1 million.

Reported net income fell 29.1% from the prior-year period to A$529,000, or 0 cents per share, from A$746,000, or 0 cents per share.