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Zenterio Q1 loss narrows YOY

Zenterio AB (publ) said its normalized net income for the first quarter was a loss of 20 Swedish öre per share, compared with a loss of 34 öre 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 10.0 million kronor, compared with a loss of 17.4 million kronor in the prior-year period.

The normalized profit margin increased to negative 15.2% from negative 39.0% in the year-earlier period.

Total revenue grew 47.9% on an annual basis to 66.0 million kronor from 44.7 million kronor, and total operating expenses climbed 6.1% from the prior-year period to 78.3 million kronor from 73.8 million kronor.

Reported net income totaled a loss of 15.8 million kronor, or a loss of 31 öre per share, compared to a loss of 27.6 million kronor, or a loss of 54 öre per share, in the prior-year period.

As of July 19, US$1 was equivalent to 8.61 Swedish kronor.