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Termes Grupa Q2 loss narrows YOY

4915601 said its normalized net income for the second quarter amounted to a loss of 10 lipa per share, compared with a loss of 3.78 kuna 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 143,190 kuna, compared with a loss of 5.2 million kuna in the year-earlier period.

The normalized profit margin increased to negative 0.1% from negative 6.0% in the year-earlier period.

Total revenue climbed 14.8% year over year to 99.5 million kuna from 86.7 million kuna, and total operating expenses increased on an annual basis to 96.6 million kuna from 92.7 million kuna.

eported net income came to a loss of 229,100 k Termes Grupa d.d.