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Kentima Holding fiscal Q3 loss narrows YOY

Kentima Holding AB (publ) said its normalized net income for the fiscal third quarter ended March 31 came to a loss of 1 Swedish öre per share, compared with the S&P Capital IQ consensus estimate of a loss of 1 öre per share.

The per-share loss decreased 88.3% year over year from 10 öre.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 354,380 kronor, compared with a loss of 1.2 million kronor in the year-earlier period.

The normalized profit margin climbed to negative 3.7% from negative 13.0% in the year-earlier period.

Total revenue climbed 5.3% year over year to 9.6 million kronor from 9.1 million kronor, and total operating expenses fell 7.2% year over year to 10.1 million kronor from 10.9 million kronor.

Reported net income came to a loss of 567,000 kronor, or a loss of 2 öre per share, compared to a loss of 1.9 million kronor, or a loss of 16 öre per share, in the year-earlier period.

As of May 11, US$1 was equivalent to 8.13 Swedish kronor.