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Lexibook swings to loss in fiscal H1

Lexibook - Linguistic Electronic System SA said its normalized net income for the fiscal first half ended Sept. 30 came to a loss of 20 euro cents per share, compared with 3 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 €813,550, compared with income of €113,100 in the year-earlier period.

Total revenue decreased 13.8% on an annual basis to €15.1 million from €17.6 million, and total operating expenses fell 7.5% on an annual basis to €15.8 million from €17.1 million.

Reported net income came to a loss of €818,870, or a loss of 20 cents per share, compared to income of €241,890, or 6 cents per share, in the year-earlier period.