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Millennium fiscal H1 loss widens YOY

Millennium Ltd said its normalized net income for the fiscal first half ended Dec. 31, 2014, came to a loss of A$1.1 million, compared with a loss of A$451,580 in the prior-year period.

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

Total revenue climbed year over year to A$21,180 from A$9,450, and total operating expenses grew from the prior-year period to A$1.5 million from A$479,900.

Reported net income came to A$5.7 million, or 8 cents per share, compared to a loss of A$158,670, or a loss of 0 cents per share, in the prior-year period.