Genesis Energy SA said its first-quarter normalized net income was a loss of 68,630 zlotys, compared with a loss of 214,250 zlotys in the year-earlier period.

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

Reported net income came to a loss of 109,810 zlotys, or a loss of 0 groszy per share, compared to a loss of 342,790 zlotys, or a loss of 0 groszy per share, in the prior-year period.

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