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United Labels Q2 loss widens 12.9% YOY

United Labels AG said its normalized net income for the second quarter amounted to a loss of 5 euro cents per share, compared with a loss of 5 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 €293,410, compared with a loss of €259,880 in the prior-year period.

The normalized profit margin declined to negative 4.4% from negative 4.0% in the year-earlier period.

Total revenue grew on an annual basis to €6.6 million from €6.4 million, and total operating expenses climbed from the prior-year period to €6.8 million from €6.6 million.

Reported net income came to a loss of €504,000, or a loss of 8 cents per share, compared to a loss of €445,230, or a loss of 8 cents per share, in the prior-year period.