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TalkPool swings to profit in Q1

TalkPool AG said its normalized net income for the first quarter amounted to €500, compared with a loss of €61,020 in the prior-year period.

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

The normalized profit margin rose to 0.4% from negative 2.7% in the year-earlier period.

Total revenue rose 9.9% on an annual basis to €2.5 million from €2.2 million, and total operating expenses grew 8.0% year over year to €2.4 million from €2.2 million.

Reported net income totaled €3,200, or 0 cents per share, compared to a loss of €94,830, or a loss of 4 cents per share, in the year-earlier period.