Robinson Europe SpA said its normalized net income for the fiscal first quarter ended Jan. 31 came to a loss of 21 groszy per share, compared with a loss of 19 groszy per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 318,600 zlotys, compared with a loss of 295,540 zlotys in the year-earlier period.

The normalized profit margin fell to negative 15.1% from negative 10.5% in the year-earlier period.

Total revenue rose 17.0% on an annual basis to 3.3 million zlotys from 2.8 million zlotys, and total operating expenses increased 16.4% year over year to 3.7 million zlotys from 3.2 million zlotys.

Reported net income totaled a loss of 509,790 zlotys, or a loss of 33 groszy per share, compared to a loss of 480,960 zlotys, or a loss of 31 groszy per share, in the year-earlier period.

As of March 16, US$1 was equivalent to 3.88 zlotys.