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Granolio Q1 loss narrows YOY

4915651 said its normalized net income for the first quarter amounted to 3.4 million kuna, compared with a loss of 5.6 million kuna in the year-earlier period.

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

The normalized profit margin rose to negative 1.8% from negative 3.0% in the year-earlier period.

Total revenue rose on an annual basis to 189.6 million kuna from 183.4 million kuna, and total operating expenses totaled 191.5 million kuna, compared with 190.9 million kuna in the prior-year period.

eported net income came to a loss of 5.3 millio Granolio d.d.