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MySale swings to loss in fiscal H1

MySale Group PLC said its normalized net income for the fiscal first half ended Dec. 31, 2014, came to a loss of A$11.5 million, compared with income of A$63,130 in the year-earlier period.

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

Total revenue climbed 7.5% on an annual basis to A$123.3 million from A$114.6 million, and total operating expenses increased 23.7% year over year to A$141.7 million from A$114.6 million.

Reported net income came to a loss of A$13.6 million, or a loss of 9 cents per share, compared to a loss of A$18.3 million, or a loss of 19 cents per share, in the prior-year period.