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In This List Ventures Q1 loss narrows YOY


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A University Adds Aftermarket Research to Its Student Toolkit Ventures Q1 loss narrows YOY Ventures S.A. said its normalized net income for the first quarter came to a loss of 758,960 zlotys, compared with a loss of 1.8 million zlotys in the prior-year period.

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

The normalized profit margin was 94.5%.

Total revenue increased 82.0% on an annual basis to 803,470 zlotys from 441,480 zlotys, and total operating expenses fell 33.3% year over year to 2.1 million zlotys from 3.2 million zlotys.

Reported net income came to a loss of 1.3 million zlotys, or a loss of 1 groszy per share, compared to a loss of 2.8 million zlotys, or a loss of 4 groszy per share, in the year-earlier period.

As of May 16, US$1 was equivalent to 3.85 zlotys.