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Nama Q2 loss narrows YOY

Nama d.d. said its second-quarter normalized net income came to a loss of 17 euro cents per share, compared with a loss of 22 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 €157,850, compared with a loss of €208,380 in the prior-year period.

The normalized profit margin rose to negative 4.3% from negative 7.2% in the year-earlier period.

Total revenue grew 27.3% year over year to €3.7 million from €2.9 million, and total operating expenses grew 21.5% from the prior-year period to €3.9 million from €3.2 million.

Reported net income came to a loss of €15,210, or a loss of 2 cents per share, compared to a loss of €114,230, or a loss of 12 cents per share, in the year-earlier period.