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IDH SA Q1 loss widens 55.7% YOY

IDH Development S.A. said its first-quarter normalized net income came to a loss of 22,710 zlotys, compared with a loss of 14,590 zlotys in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Reported net income totaled a loss of 36,330 zlotys, or a loss of 0 groszy per share, compared to a loss of 23,340 zlotys in the prior-year period.

As of May 16, US$1 was equivalent to 3.85 zlotys.