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Scholium Group swings to profit in fiscal H1

Scholium Group PLC said its normalized net income for the fiscal first half ended Sept. 30 came to £18,750, compared with a loss of £151,880 in the year-earlier period.

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

Total revenue grew 38.0% on an annual basis to £3.3 million from £2.4 million, and total operating expenses increased 24.5% from the prior-year period to £3.3 million from £2.6 million.

Reported net income totaled £6,000, or 0 pence per share, compared to a loss of £215,000, or a loss of 2 pence per share, in the year-earlier period.