Poslovni sistem Mercator d.d. said its normalized net income for the first quarter came to 56 euro cents per share, compared with a loss of €1.43 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €3.4 million, compared with a loss of €5.3 million in the prior-year period.
The normalized profit margin climbed to 0.5% from negative 0.9% in the year-earlier period.
Total revenue totaled €628.7 million, compared with €624.8 million in the year-earlier period, and total operating expenses came to €616.5 million, compared with €620.6 million in the year-earlier period.
Reported net income totaled €4.1 million, or 67 cents per share, compared to a loss of €8.5 million, or a loss of €2.29 per share, in the prior-year period.
