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Stopklatka Q1 loss narrows YOY

Stopklatka SA said its first-quarter normalized net income amounted to a loss of 5 groszy per share, compared with a loss of 16 groszy 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 461,250 zlotys, compared with a loss of 1.0 million zlotys in the prior-year period.

The normalized profit margin increased to negative 9.1% from negative 18.5% in the year-earlier period.

Total revenue climbed 6.6% year over year to 6.1 million zlotys from 5.7 million zlotys, and total operating expenses grew 7.9% year over year to 6.8 million zlotys from 6.3 million zlotys.

Reported net income totaled a loss of 738,000 zlotys, or a loss of 8 groszy per share, compared to a loss of 1.7 million zlotys, or a loss of 26 groszy per share, in the prior-year period.

As of May 5, US$1 was equivalent to 3.88 zlotys.