trending Market Intelligence /marketintelligence/en/news-insights/trending/aQ9GGt5w-6h41nRqKT10-w2 content esgSubNav
In This List

Milkiland Q1 loss narrows YOY

Podcast

Next in Tech | Ep. 173: Phishing Deep Dive

Blog

Banking Essentials Newsletter: June 12th Edition

Podcast

Next in Tech | Episode 171: Concerns About Fraud Drive AI Investment

Podcast

Street Talk | Episode 127: The 'knife fight' for deposits could spur more bank deals


Milkiland Q1 loss narrows YOY

Milkiland NV said its normalized net income for the first quarter was a loss of 33 euro cents per share, compared with a loss of 71 cents 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 €10.3 million, compared with a loss of €22.3 million in the year-earlier period.

The normalized profit margin climbed to negative 28.2% from negative 47.8% in the year-earlier period.

Total revenue decreased 21.9% on an annual basis to €36.5 million from €46.7 million, and total operating expenses fell 23.0% on an annual basis to €36.9 million from €48.0 million.

Reported net income totaled a loss of €16.3 million, or a loss of 52 cents per share, compared to a loss of €34.9 million, or a loss of €1.12 per share, in the prior-year period.