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Bouygues Q1 loss narrows YOY

Bouygues SA said its first-quarter normalized net income came to a loss of 13 euro cents per share, compared with a loss of 31 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €43.9 million, compared with a loss of €107.4 million in the year-earlier period.

The normalized profit margin rose to negative 0.6% from negative 1.6% in the year-earlier period.

Total revenue grew 4.9% on an annual basis to €6.88 billion from €6.56 billion, and total operating expenses rose from the prior-year period to €6.95 billion from €6.70 billion.

Reported net income totaled a loss of €38.0 million, or a loss of 11 cents per share, compared with a loss of €180.0 million, or a loss of 52 cents per share, in the prior-year period.