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Challenger Mobile Q1 loss widens 32.2% YOY

Challenger Mobile AB (publ) said its first-quarter normalized net income amounted to a loss of 443,750 kronor, compared with a loss of 335,630 kronor in the prior-year period.

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

Reported net income totaled a loss of 1.1 million kronor, or a loss of 1 öre per share, compared to a loss of 473,750 kronor, or a loss of 1 öre per share, in the prior-year period.

As of May 25, US$1 was equivalent to 8.30 Swedish kronor.