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Kriton Artos H1 loss widens YOY

Kriton Artos SA said its normalized net income for the first half came to a loss of €221,930, compared with a loss of €45,820 in the prior-year period.

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

Total revenue rose 7.0% on an annual basis to €2.6 million from €2.4 million, and total operating expenses increased 19.6% from the prior-year period to €2.8 million from €2.4 million.

Reported net income totaled a loss of €342,830, or a loss of 6 cents per share, compared to a loss of €54,250, or a loss of 1 cents per share, in the year-earlier period.