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Webis Holdings swings to loss in fiscal H1

Webis Holdings PLC said its normalized net income for the fiscal first half ended Nov. 30, 2014, amounted to a loss of $186,880, compared with income of $288,130 in the year-earlier period.

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

Total revenue climbed 14.5% year over year to $142.5 million from $124.4 million, and total operating expenses grew 14.8% on an annual basis to $142.5 million from $124.2 million.

Reported net income came to a loss of $299,000, or a loss of 0 cents per share, compared to income of $488,810, or 0 cents per share, in the prior-year period.