Lauritz.com Group A/S said its normalized net income for the first quarter was a loss of 50.57 Danish kroner per share, compared with a loss of 161.14 kroner per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 3.0 million kroner, compared with a loss of 9.7 million kroner in the prior-year period.

The normalized profit margin increased to negative 6.7% from negative 22.1% in the year-earlier period.

Total revenue rose year over year to 45.6 million kroner from 43.8 million kroner, and total operating expenses rose on an annual basis to 45.1 million kroner from 44.0 million kroner.

Reported net income totaled a loss of 2.1 million kroner, or a loss of 34.72 kroner per share, compared to a loss of 11.9 million kroner, or a loss of 198.17 kroner per share, in the prior-year period.

As of April 27, US$1 was equivalent to 6.58 Danish kroner.