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Lexibook swings to loss in fiscal H2

Lexibook - Linguistic Electronic System SA said its normalized net income for the fiscal second half ended March 31 was a loss of 18 euro cents per share, compared with 25 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 €758,700, compared with income of €1.1 million in the year-earlier period.

Total revenue declined on an annual basis to €24.7 million from €25.6 million, and total operating expenses climbed 15.1% on an annual basis to €27.0 million from €23.4 million.

Reported net income came to a loss of €1.6 million, or a loss of 40 cents per share, compared to income of €426,110, or 10 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 38 cents per share, compared with 28 cents per share in the prior year.

Normalized net income was a loss of €1.6 million, compared with income of €1.2 million in the prior year.

Full-year total revenue declined 7.6% year over year to €39.9 million from €43.1 million, and total operating expenses grew 5.6% year over year to €42.8 million from €40.6 million.

The company said reported net income totaled a loss of €2.5 million, or a loss of 60 cents per share, in the full year, compared with income of €668,000, or 16 cents per share, the prior year.