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Duros SA H1 loss narrows YOY

Duros SA said its normalized net income for the first half came to a loss of 4 euro cents per share, compared with a loss of 10 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 €154,890, compared with a loss of €384,930 in the year-earlier period.

Total revenue climbed year over year to €1.6 million from €1.6 million, and total operating expenses fell 13.4% year over year to €1.7 million from €2.0 million.

Reported net income totaled a loss of €232,360, or a loss of 6 cents per share, compared to a loss of €604,310, or a loss of 15 cents per share, in the prior-year period.