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Centro HL Distribuzione H1 loss widens YOY

Centro HL Distribuzione SpA said its normalized net income for the first half was a loss of €514,130, compared with a loss of €499,000 in the prior-year period.

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

Total revenue fell 27.3% year over year to €2.1 million from €2.9 million, and total operating expenses fell 18.1% on an annual basis to €2.9 million from €3.5 million.

Reported net income came to a loss of €892,000, or a loss of 0 cents per share, compared to a loss of €839,000, or a loss of 0 cents per share, in the prior-year period.