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Sumol+Compal Q1 loss narrows YOY

Sumol+Compal SA said its normalized net income for the first quarter was a loss of €67,580, compared with a loss of €960,830 in the prior-year period.

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

The normalized profit margin increased to negative 0.1% from negative 1.5% in the year-earlier period.

Total revenue climbed 20.2% year over year to €75.9 million from €63.1 million, and total operating expenses increased 18.7% from the prior-year period to €71.0 million from €59.8 million.

Reported net income came to a loss of €68,320, or a loss of 0 cents per share, compared to a loss of €1.0 million, or a loss of 2 cents per share, in the prior-year period.