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Parques Reunidos Servicios Centrales fiscal Q1 loss widens 13.2% YOY

Parques Reunidos Servicios Centrales SA said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, came to a loss of 62 euro cents per share, compared with a loss of 55 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €29.0 million, compared with a loss of €25.6 million in the prior-year period.

The normalized profit margin fell to negative 47.8% from negative 41.1% in the year-earlier period.

Total revenue declined on an annual basis to €60.7 million from €62.4 million, and total operating expenses totaled €82.7 million, compared with €82.8 million in the prior-year period.

Reported net income came to a loss of €35.5 million, or a loss of 76 cents per share, compared to a loss of €34.3 million, or a loss of 73 cents per share, in the year-earlier period.