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Tiga Gaming H1 loss narrows YOY

Tiga Gaming Inc. said its normalized net income for the first half came to a loss of 61 Taiwan cents per share, compared with a loss of NT$1.34 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 NT$13.0 million, compared with a loss of NT$24.2 million in the prior-year period.

Total revenue increased year over year to NT$53.1 million from NT$452,000, and total operating expenses climbed from the prior-year period to NT$77.0 million from NT$38.2 million.

Reported net income totaled a loss of NT$23.2 million, or a loss of NT$1.09 per share, compared to a loss of NT$38.7 million, or a loss of NT$2.15 per share, in the prior-year period.

As of Aug. 11, US$1 was equivalent to NT$31.26.