Equatorial Palm Oil PLC said its normalized net income for the fiscal first half ended March 31 amounted to a loss of $274,380, compared with a loss of $465,630 in the first half ended June 30, 2014.

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

Reported net income came to a loss of $439,000, or a loss of 0 cents per share, compared to a loss of $745,000, or a loss of 0 cents per share, in the first half ended June 30, 2014.