trending Market Intelligence /marketintelligence/en/news-insights/trending/BqMpHOqZw0DERKhqRS_Csw2 content esgSubNav
In This List

Bic-Fit Q2 loss narrows YOY

Blog

Optimism abounds in Indian online video industry

Blog

2022 broadband forecast shifts to market share battle with intense competition

Blog

Expand Your Perspective: Innovation

Podcast

Next in Tech | Episode 64: Digital infrastructure – towers and datacenters unite! Sort of...


Bic-Fit Q2 loss narrows YOY

Basic-Fit NV said its normalized net income for the second quarter was a loss of 9 euro cents per share, compared with a loss of 13 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 €3.3 million, compared with a loss of €3.8 million in the year-earlier period.

The normalized profit margin declined to negative 12.1% from negative 7.8% in the year-earlier period.

Total revenue grew 30.0% on an annual basis to €63.3 million from €48.7 million, and total operating expenses rose 30.2% year over year to €59.4 million from €45.7 million.

Reported net income came to a loss of €18.9 million, or a loss of 53 cents per share, compared to a loss of €6.2 million, or a loss of 21 cents per share, in the prior-year period.