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Skano Group Q2 loss widens YOY

4916823 said its normalized net income for the second quarter was a loss of €166,880, compared with a loss of €7,500 in the prior-year period.

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

The normalized profit margin fell to negative 3.8% from negative 0.2% in the year-earlier period.

otal revenue decreased on an annual basis to €4.4 million from €4.7 million, and total operating expenses came to €4.6 million, compared with €4.6 million in the prio Skano Group AS.