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ISelect swings to loss in fiscal H1

iSelect Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2015, came to a loss of 1 Australian cents per share, compared with 2 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of A$3.6 million, compared with income of A$4.9 million in the year-earlier period.

Total revenue came to A$66.2 million, compared with A$65.6 million in the year-earlier period, and total operating expenses rose 20.3% year over year to A$72.8 million from A$60.5 million.

Reported net income totaled a loss of A$4.2 million, or a loss of 2 cents per share, compared to income of A$5.5 million, or 2 cents per share, in the prior-year period.