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Chausseria swings to loss in H1

Chausseria said its normalized net income for the first half amounted to a loss of 24 euro cents per share, compared with 1 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 €113,310, compared with income of €5,530 in the prior-year period.

Total revenue declined 15.2% on an annual basis to €1.9 million from €2.2 million, and total operating expenses decreased 6.8% year over year to €2.1 million from €2.3 million.

Reported net income totaled a loss of €192,100, or a loss of 40 cents per share, compared to income of €13,880, or 3 cents per share, in the prior-year period.