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Adolfo Dominguez fiscal Q1 loss narrows YOY

Adolfo Dominguez SA said its normalized net income for the fiscal first quarter ended May 31 came to €472,500, compared with a loss of €1.7 million in the year-earlier period.

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

The normalized profit margin climbed to negative 1.9% from negative 6.7% in the year-earlier period.

Total revenue decreased year over year to €24.5 million from €25.5 million, and total operating expenses fell 8.1% year over year to €25.4 million from €27.6 million.

Reported net income came to a loss of €644,000, compared with a loss of €2.5 million in the prior-year period.