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Rolandos Enterprises H1 loss narrows YOY

Rolandos Enterprises (Public) Ltd. said its normalized net income for the first half came to a loss of €214,650, compared with a loss of €257,450 in the year-earlier period.

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

Total revenue declined 5.9% on an annual basis to €1.7 million from €1.8 million, and total operating expenses decreased 7.1% year over year to €2.1 million from €2.2 million.

Reported net income came to a loss of €361,430, or a loss of 1 cents per share, compared to a loss of €402,100, or a loss of 1 cents per share, in the year-earlier period.