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Vista Alegre Q1 loss narrows YOY

Vista Alegre Atlantis SGPS SA said its normalized net income for the first quarter amounted to a loss of €1.3 million, compared with a loss of €1.4 million 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 7.9% from negative 11.4% in the year-earlier period.

Total revenue climbed 33.5% year over year to €16.5 million from €12.3 million, and total operating expenses rose 26.8% year over year to €17.7 million from €14.0 million.

Reported net income totaled a loss of €2.1 million, or a loss of 0 cents per share, compared to a loss of €2.2 million, or a loss of 0 cents per share, in the prior-year period.