trending Market Intelligence /marketintelligence/en/news-insights/trending/2wEkEXZTAKl6T2JV5CAQKQ2 content esgSubNav
In This List

AS Rigas Q1 loss narrows YOY


Street Talk | Episode 105: Banks could see opportunity in fintech's cleansing fire


The Climate Vulnerability Assessment by APRA: Helping Financial Institutions Address Challenges


A Sustainability Framework for Customer and Supplier Credit Risk Management


Lithium Import

AS Rigas Q1 loss narrows YOY

AS Rigas Autoelektroaparatu Rupnica said its normalized net income for the first quarter was a loss of 1 euro cents per share, compared with a loss of 2 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 €52,670, compared with a loss of €56,900 in the prior-year period.

The normalized profit margin increased to 110.7% from negative 30.6% in the year-earlier period.

Total revenue decreased 79.3% on an annual basis to €38,420 from €186,040, and total operating expenses fell 64.7% on an annual basis to €96,120 from €271,940.

Reported net income totaled €68,070, or 2 cents per share, compared to a loss of €88,840, or a loss of 3 cents per share, in the year-earlier period.