Eurosports Global Ltd. said its normalized net income for the fiscal first half ended Sept. 30 amounted to a loss of S$2.1 million, compared with a loss of S$3.0 million in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
Total revenue increased on an annual basis to S$32.0 million from S$15.8 million, and total operating expenses grew 72.6% on an annual basis to S$37.7 million from S$21.9 million.
Reported net income totaled a loss of S$1.7 million, or a loss of 1 cents per share, compared to a loss of S$3.1 million, or a loss of 1 cents per share, in the year-earlier period.
As of Oct. 29, US$1 was equivalent to S$1.40.