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Nordic Leisure Q2 loss narrows YOY

Nordic Leisure AB said its second-quarter normalized net income was a loss of 16,470 kronor, compared with a loss of 162,830 kronor in the year-earlier period.

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

The normalized profit margin increased to negative 0.4% from negative 6.5% in the year-earlier period.

Total revenue rose year over year to 5.0 million kronor from 2.5 million kronor, and total operating expenses rose 85.5% from the prior-year period to 5.1 million kronor from 2.8 million kronor.

Reported net income totaled a loss of 84,670 kronor, or a loss of 0 öre per share, compared to a loss of 316,320 kronor, or a loss of 1 öre per share, in the prior-year period.

As of Aug. 11, US$1 was equivalent to 8.42 Swedish kronor.