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Noni B swings to loss in fiscal H1

Noni B Ltd. said its normalized net income for the fiscal first half ended Dec. 28, 2014, amounted to a loss of 2 Australian cents per share, compared with 5 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of A$722,500, compared with income of A$1.6 million in the prior-year period.

Total revenue declined 8.3% on an annual basis to A$55.9 million from A$60.9 million, and total operating expenses declined from the prior-year period to A$57.1 million from A$58.4 million.

Reported net income came to a loss of A$2.4 million, or a loss of 7 cents per share, compared to income of A$1.9 million, or 6 cents per share, in the prior-year period.