Brøndbyernes IF Fodbold A/S said its normalized net income for the first quarter came to a loss of 13 Danish øre per share, compared with a loss of 7 øre 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 12.8 million kroner, compared with a loss of 7.4 million kroner in the prior-year period.

The normalized profit margin fell to negative 54.6% from negative 30.8% in the year-earlier period.

Total revenue fell on an annual basis to 23.5 million kroner from 24.2 million kroner, and total operating expenses climbed 14.9% on an annual basis to 38.5 million kroner from 33.5 million kroner.

Reported net income came to a loss of 20.5 million kroner, or a loss of 20 øre per share, compared to a loss of 11.9 million kroner, or a loss of 12 øre per share, in the year-earlier period.

As of May 24, US$1 was equivalent to 6.66 Danish kroner.