Tamda Ltd. said its normalized net income for the first quarter came to €23,510, compared with a loss of €360,660 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 51.9%.

Total revenue totaled €42,740.

Reported net income came to €119,660, or 1 cents per share, compared to a loss of €577,060, or a loss of 5 cents per share, in the prior-year period.