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KEO H1 loss narrows YOY

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KEO H1 loss narrows YOY

KEO PLC said its normalized net income for the first half amounted to a loss of 1 euro cents per share, compared with a loss of 2 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 €331,500, compared with a loss of €673,380 in the prior-year period.

Total revenue came to €19.7 million, compared with €19.7 million in the year-earlier period, and total operating expenses declined year over year to €19.5 million from €20.1 million.

Reported net income came to a loss of €403,000, or a loss of 1 cents per share, compared to a loss of €285,000, or a loss of 1 cents per share, in the prior-year period.