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Padenga Holdings H1 loss narrows YOY

Padenga Holdings Ltd said its first-half normalized net income came to a loss of $2.3 million, compared with a loss of $2.6 million in the year-earlier period.

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

Total revenue grew 41.9% year over year to $6.1 million from $4.3 million, and total operating expenses increased 28.7% on an annual basis to $10.0 million from $7.8 million.

Reported net income rose 10.1% year over year to $2.3 million, or 0 cents per share, from $2.1 million, or 0 cents per share.