trending Market Intelligence /marketintelligence/en/news-insights/trending/M-9u0tSPTXzbIdbVHgu8Cw2 content esgSubNav
In This List

Lokaty Budowlane swings to loss in Q1

Blog

Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

LCD Monthly Newsletter: September 2021

Blog

Industries Most and Least Impacted by COVID-19: A Market-Implied Probability of Default Perspective


Lokaty Budowlane swings to loss in Q1

Lokaty Budowlane SA said its normalized net income for the first quarter was a loss of 179,950 zlotys, compared with income of 1.8 million zlotys in the prior-year period.

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

The normalized profit margin dropped to negative 24.3% from 7.5% in the year-earlier period.

Total revenue decreased 96.8% year over year to 739,890 zlotys from 23.3 million zlotys, and total operating expenses decreased 95.7% year over year to 882,360 zlotys from 20.4 million zlotys.

Reported net income totaled a loss of 206,620 zlotys, or a loss of 0 groszy per share, compared to income of 2.8 million zlotys, or 6 groszy per share, in the year-earlier period.

As of May 15, US$1 was equivalent to 3.54 zlotys.