trending Market Intelligence /marketintelligence/en/news-insights/trending/DiycurnhxDFLqH1xmBpR4Q2 content esgSubNav
In This List

Madkom swings to loss in Q1

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Beyond ESG with Climate Stress Testing: Getting Practical at Banks & Insurers

Blog

Broadcast broker activities, H1'21

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud


Madkom swings to loss in Q1

Madkom SA said its normalized net income for the first quarter came to a loss of 6 groszy per share, compared with 3 groszy 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 323,580 zlotys, compared with income of 143,700 zlotys in the prior-year period.

The normalized profit margin dropped to negative 35.7% from 6.3% in the year-earlier period.

Total revenue fell 60.0% year over year to 906,790 zlotys from 2.3 million zlotys, and total operating expenses declined 31.2% on an annual basis to 1.4 million zlotys from 2.0 million zlotys.

Reported net income totaled a loss of 431,290 zlotys, or a loss of 9 groszy per share, compared to income of 151,280 zlotys, or 3 groszy per share, in the year-earlier period.

As of May 13, US$1 was equivalent to 3.90 zlotys.