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Boxhill Technologies swings to profit in fiscal H1

Boxhill Technologies PLC said its normalized net income for the fiscal first half ended Jan. 31 came to £186,250, compared with a loss of £51,250 in the prior-year period.

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

Total revenue climbed 26.1% year over year to £1.1 million from £849,000, and total operating expenses fell 13.7% from the prior-year period to £775,000 from £898,000.

Reported net income came to £291,410, or 0 pence per share, compared to a loss of £116,520, or a loss of 0 pence per share, in the year-earlier period.