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Mareterram fiscal H1 loss narrows YOY

Mareterram Ltd said its normalized net income for the fiscal first half ended Dec. 31, 2014, came to a loss of A$13,310, compared with a loss of A$83,710 in the prior-year period.

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

Total revenue rose year over year to A$64,970 from A$16,680, and total operating expenses declined 42.6% from the prior-year period to A$86,270 from A$150,230.

Reported net income totaled a loss of A$21,300, or a loss of 0 cents per share, compared to income of A$518,720, or 4 cents per share, in the prior-year period.