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Piscines Desjoyaux fiscal H1 loss widens 78.2% YOY

Piscines Desjoyaux SA said its normalized net income for the fiscal first half ended Feb. 28 came to a loss of 26 euro cents per share, compared with a loss of 15 cents 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 €2.4 million, compared with a loss of €1.3 million in the prior-year period.

Total revenue decreased 7.7% on an annual basis to €22.9 million from €24.8 million, and total operating expenses declined from the prior-year period to €26.3 million from €26.7 million.

Reported net income totaled a loss of €3.0 million, or a loss of 34 cents per share, compared to a loss of €1.8 million, or a loss of 20 cents per share, in the prior-year period.