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BigBen Interactive swings to loss in fiscal H2

BigBen Interactive said its normalized net income for the fiscal second half ended March 31 was a loss of 24 euro cents per share, compared with 25 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €3.8 million, compared with income of €4.0 million in the prior-year period.

Total revenue totaled €111.0 million, compared with €110.0 million in the year-earlier period, and total operating expenses climbed 5.1% on an annual basis to €108.5 million from €103.2 million.

Reported net income came to a loss of €3.3 million, or a loss of 21 cents per share, compared to income of €649,970, or 4 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 33 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 13 cents.

EPS was 24 cents in the prior year.

Normalized net income was a loss of €5.4 million, compared with income of €3.8 million in the prior year.

Full-year total revenue grew from the prior-year period to €184.9 million from €178.3 million, and total operating expenses increased 5.0% on an annual basis to €183.2 million from €174.4 million.

The company said reported net income totaled a loss of €4.2 million, or a loss of 26 cents per share, in the full year, compared with income of €2.4 million, or 15 cents per share, the prior year.