Hoteli Haludovo Malinska d.d. said its second-quarter normalized net income was 1.2 million kuna, compared with a loss of 1.4 million kuna in the year-earlier period.

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

Total revenue declined on an annual basis to 139,060 kuna from 140,890 kuna, and total operating expenses declined 9.2% from the prior-year period to 1.7 million kuna from 1.9 million kuna.

Reported net income totaled a loss of 1.9 million kuna, compared with a loss of 2.2 million kuna in the prior-year period.

As of July 29, US$1 was equivalent to 6.69 kuna.