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Amathus Public H1 loss narrows YOY

Amathus Public Ltd said its normalized net income for the first half was a loss of €42,750, compared with a loss of €684,080 in the prior-year period.

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

Total revenue fell 8.3% year over year to €3.5 million from €3.8 million, and total operating expenses fell 6.0% from the prior-year period to €3.7 million from €4.0 million.

Reported net income came to a loss of €96,640, or a loss of 0 cents per share, compared to a loss of €1.1 million, or a loss of 1 cents per share, in the year-earlier period.