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Indoor Skydive Australia fiscal H1 loss narrows YOY

Indoor Skydive Australia Group Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2015, was a loss of A$241,300, compared with a loss of A$1.5 million in the prior-year period.

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

Total revenue increased 20.0% on an annual basis to A$3.7 million from A$3.1 million, and total operating expenses decreased 20.7% on an annual basis to A$4.2 million from A$5.3 million.

Reported net income totaled a loss of A$190,020, or a loss of 0 cents per share, compared to a loss of A$2.0 million, or a loss of 2 cents per share, in the prior-year period.