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Comptoir swings to loss in H1

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Comptoir swings to loss in H1

Comptoir Group plc said its normalized net income for the first half amounted to a loss of £217,010, compared with income of £296,790 in the year-earlier period.

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

Total revenue grew 24.6% year over year to £9.6 million from £7.7 million, and total operating expenses grew 34.8% on an annual basis to £9.8 million from £7.2 million.

Reported net income totaled a loss of £380,910, or a loss of 0 pence per share, compared to income of £352,000, or 0 pence per share, in the prior-year period.