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Tisak Q1 loss narrows YOY

Tisak d.d. said its normalized net income for the first quarter was 4.5 million kuna, compared with a loss of 4.5 million kuna in the year-earlier period.

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

The normalized profit margin rose to negative 0.8% from negative 0.8% in the year-earlier period.

Total revenue climbed year over year to 577.5 million kuna from 562.7 million kuna, and total operating expenses grew from the prior-year period to 579.0 million kuna from 567.0 million kuna.

Reported net income totaled a loss of 8.2 million kuna, compared with a loss of 8.4 million kuna in the year-earlier period.

As of April 30, US$1 was equivalent to 6.75 kuna.