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Hoteli Zivogosce Q1 loss widens YOY

Hoteli Zivogosce d.d. said its normalized net income for the first quarter was 4.4 million kuna, compared with a loss of 2.1 million kuna in the year-earlier period.

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

Reported net income came to a loss of 7.0 million kuna, compared with a loss of 3.4 million kuna in the year-earlier period.

As of April 29, US$1 was equivalent to 6.55 kuna.