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Archicom Q1 loss narrows YOY

4985160 said its normalized net income for the first quarter was a loss of 2 groszy per share, compared with a loss of 12.39 zlotys 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 314,630 zlotys, compared with a loss of 1.6 million zlotys in the year-earlier period.

The normalized profit margin climbed to negative 3.2% from negative 4.2% in the year-earlier period.

Total revenue decreased 74.8% on an annual basis to 9.8 million zlotys from 39.0 million zlotys, and total operating expenses fell 46.1% year over year to 9.8 million zlotys from 18.1 million zlotys.

eported net income totaled a loss of 558,680 zlo Archicom SA