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AAT Holding Q1 loss widens 56.7% YOY

AAT Holding S.A. said its first-quarter normalized net income came to a loss of 6 groszy per share, compared with a loss of 5 groszy per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 443,040 zlotys, compared with a loss of 282,770 zlotys in the year-earlier period.

The normalized profit margin declined to negative 1.1% from negative 0.8% in the year-earlier period.

Total revenue climbed 13.4% on an annual basis to 39.1 million zlotys from 34.5 million zlotys, and total operating expenses rose 19.3% on an annual basis to 38.6 million zlotys from 32.4 million zlotys.

Reported net income came to a loss of 995,570 zlotys, or a loss of 12 groszy per share, compared to income of 474,040 zlotys, or 8 groszy per share, in the prior-year period.

As of May 16, US$1 was equivalent to 3.85 zlotys.