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J. Boutaris & Son H1 loss narrows YOY

J. Boutaris & Son Holding SA said its first-half normalized net income was a loss of 2 euro cents per share, compared with a loss of 3 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 €515,630, compared with a loss of €705,880 in the prior-year period.

Total revenue fell 6.2% year over year to €5.8 million from €6.1 million, and total operating expenses decreased 12.3% year over year to €6.3 million from €7.2 million.

Reported net income totaled a loss of €699,000, or a loss of 3 cents per share, compared to a loss of €499,000, or a loss of 2 cents per share, in the year-earlier period.