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Plava laguna d.d. Q1 loss widens YOY

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Plava laguna d.d. Q1 loss widens YOY

4340787 said its normalized net income for the first quarter amounted to 58.7 million kuna, compared with a loss of 15.3 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 dropped to negative 173.2% from negative 127.0% in the year-earlier period.

Total revenue climbed on an annual basis to 33.9 million kuna from 12.0 million kuna, and total operating expenses climbed on an annual basis to 79.5 million kuna from 24.5 million kuna.

eported net income totaled a loss of 65.9 million Plava laguna d.d.