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Royal Highgate swings to profit in H1

Royal Highgate Public Company Ltd said its first-half normalized net income was €96,180, compared with a loss of €91,650 in the prior-year period.

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

Total revenue climbed 51.8% year over year to €9.9 million from €6.5 million, and total operating expenses increased 46.0% from the prior-year period to €9.7 million from €6.7 million.

Reported net income totaled €152,980, or 0 cents per share, compared to a loss of €150,480, or a loss of 0 cents per share, in the year-earlier period.