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EL. D. Mouzakis H1 loss narrows YOY

EL. D. Mouzakis SA said its normalized net income for the first half was a loss of €135,370, compared with a loss of €592,520 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

Total revenue fell 14.8% year over year to €3.4 million from €4.0 million, and total operating expenses fell 28.7% from the prior-year period to €3.4 million from €4.8 million.

Reported net income came to a loss of €216,590, or a loss of 1 cents per share, compared to a loss of €801,060, or a loss of 2 cents per share, in the year-earlier period.