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Viking Line Q1 loss narrows YOY

Viking Line ABP said its normalized net income for the first quarter was a loss of 60 euro cents per share, compared with a loss of €1.11 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €6.4 million, compared with a loss of €11.9 million in the prior-year period.

The normalized profit margin rose to negative 6.1% from negative 11.5% in the year-earlier period.

Total revenue grew on an annual basis to €105.0 million from €103.4 million, and total operating expenses fell on an annual basis to €114.8 million from €120.5 million.

Reported net income came to a loss of €8.2 million, or a loss of 76 cents per share, compared to a loss of €15.6 million, or a loss of €1.45 per share, in the year-earlier period.