Hoteli Makarska d.d. said its first-quarter normalized net income came to 5.9 million kuna, compared with a loss of 5.7 million kuna in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
Total revenue increased year over year to 1.4 million kuna from 135,500 kuna, and total operating expenses grew 10.5% from the prior-year period to 10.6 million kuna from 9.6 million kuna.
Reported net income totaled a loss of 9.4 million kuna, compared with a loss of 9.4 million kuna in the prior-year period.
As of April 30, US$1 was equivalent to 6.75 kuna.
