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Amathus Public full-year profit falls YOY

Amathus Public Ltd said its normalized net income for the full year came to €679,470, a decline of 62.4% from €1.8 million in the year-earlier period.

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

The normalized profit margin declined to 14.2% from 33.2% in the year-earlier period.

Total revenue decreased 11.7% year over year to €4.8 million from €5.4 million, and total operating expenses increased on an annual basis to €5.3 million from €5.3 million.

Reported net income totaled a loss of €317,480, or a loss of 0 cents per share, compared to income of €3.0 million, or 3 cents per share, in the prior-year period.