Moa Group Ltd. said its normalized net income for the fiscal first half ended Sept. 30 amounted to a loss of 2 New Zealand cents per share, compared with a loss of 6 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 NZ$1.1 million, compared with a loss of NZ$2.0 million in the prior-year period.

Total revenue climbed 35.2% year over year to NZ$3.3 million from NZ$2.5 million, and total operating expenses fell year over year to NZ$5.1 million from NZ$5.3 million.

Reported net income totaled a loss of NZ$1.7 million, or a loss of 4 cents per share, compared to a loss of NZ$3.2 million, or a loss of 10 cents per share, in the year-earlier period.

As of Nov. 27, US$1 was equivalent to NZ$1.53.