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Klick Data swings to loss in fiscal H1

Klick Data AB said its normalized net income for the fiscal first half ended Oct. 31 came to a loss of 1 Swedish öre per share, compared with 44 öre 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 25,680 kronor, compared with income of 1.1 million kronor in the year-earlier period.

Total revenue decreased 34.1% year over year to 3.4 million kronor from 5.2 million kronor, and total operating expenses increased from the prior-year period to 3.3 million kronor from 3.2 million kronor.

Reported net income came to a loss of 41,080 kronor, or a loss of 2 öre per share, compared to income of 1.7 million kronor, or 70 öre per share, in the prior-year period.

As of Dec. 4, US$1 was equivalent to 8.49 Swedish kronor.