Duros SA said its normalized net income for the first quarter came to a loss of 5 euro cents per share, compared with a loss of 4 cents 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 €210,360, compared with a loss of €156,110 in the prior-year period.

The normalized profit margin dropped to negative 23.2% from negative 20.6% in the year-earlier period.

Total revenue increased 19.7% on an annual basis to €906,760 from €757,820, and total operating expenses rose 16.5% from the prior-year period to €1.1 million from €948,520.

Reported net income totaled a loss of €318,760, or a loss of 8 cents per share, compared to a loss of €242,470, or a loss of 6 cents per share, in the prior-year period.