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Dogi International Fabrics full-year loss narrows YOY

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Dogi International Fabrics full-year loss narrows YOY

Nueva Expresión Textil S.A. said its normalized net income for the full year was a loss of 3 euro cents per share, compared with a loss of 4 cents 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 €2.4 million, compared with a loss of €2.9 million in the prior-year period.

The normalized profit margin increased to negative 5.7% from negative 7.1% in the year-earlier period.

Total revenue came to €41.1 million, compared with €41.3 million in the year-earlier period, and total operating expenses decreased from the prior-year period to €44.3 million from €46.0 million.

Reported net income totaled €402,390, or 1 cents per share, compared to a loss of €8.5 million, or a loss of 12 cents per share, in the year-earlier period.