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Gold Town Games Q1 loss widens YOY

Gold Town Games AB (publ) said its normalized net income for the first quarter was a loss of 27 Swedish öre per share, compared with a loss of 1 öre 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 1.0 million kronor, compared with a loss of 1,780 kronor in the year-earlier period.

The normalized profit margin was 150.8%.

Total revenue totaled 685,050 kronor, and total operating expenses rose year over year to 2.3 million kronor from 2,850 kronor.

Reported net income totaled a loss of 1.7 million kronor, or a loss of 43 öre per share, compared to a loss of 2,750 kronor, or a loss of 2 öre per share, in the prior-year period.

As of June 29, US$1 was equivalent to 8.49 Swedish kronor.