Net income for the quarter ending 30 June came in at $704,000. The figure included non-cash transaction losses and out of period adjustments totalling $1.1m.
The non-cash transaction losses consisted of deferred gain recognition and currency exchange losses attributed to the Yen denominated loan facility.
In comparison, the Company reported net income of $2.8m for its 2011 second quarter, a figure which included a non-cash currency exchange loss of $1.9m
