SA Catana Group said its normalized net income for the fiscal first half ended Feb. 28 came to a loss of 4 euro cents per share, compared with a loss of 2 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 €892,750, compared with a loss of €401,380 in the prior-year period.

Total revenue rose 11.1% year over year to €15.8 million from €14.2 million, and total operating expenses increased 16.2% year over year to €17.0 million from €14.6 million.

Reported net income came to a loss of €1.4 million, or a loss of 6 cents per share, compared to a loss of €623,000, or a loss of 3 cents per share, in the year-earlier period.