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Jatenergy fiscal H1 loss narrows YOY

Jatenergy Ltd said its normalized net income for the fiscal first half ended Dec. 31, 2014, was a loss of A$103,640, compared with a loss of A$207,380 in the year-earlier period.

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

Total revenue declined 90.8% on an annual basis to A$24,240 from A$263,810, and total operating expenses fell 40.8% year over year to A$348,700 from A$589,510.

Reported net income totaled a loss of A$655,580, or a loss of 1 cents per share, compared to a loss of A$1.9 million, or a loss of 2 cents per share, in the prior-year period.