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Mulberry Group fiscal H1 loss narrows YOY

Mulberry Group plc said its normalized net income for the fiscal first half ended Sept. 30 came to a loss of £47,500, compared with a loss of £693,750 in the prior-year period.

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

Total revenue grew on an annual basis to £67.8 million from £64.7 million, and total operating expenses increased year over year to £68.0 million from £65.9 million.

Reported net income totaled £119,600, or 0 pence per share, compared to a loss of £419,300, or a loss of 1 pence per share, in the year-earlier period.