Fat Dog Games SA said its first-quarter normalized net income was a loss of 6,370 zlotys, compared with a loss of 33,870 zlotys in the prior-year period.

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

The normalized profit margin increased to negative 3.9% from negative 28.4% in the year-earlier period.

Total revenue increased 36.3% year over year to 162,880 zlotys from 119,480 zlotys, and total operating expenses came to 171,640 zlotys, compared with 170,910 zlotys in the year-earlier period.

Reported net income came to a loss of 10,200 zlotys, or a loss of 0 groszy per share, compared to a loss of 54,200 zlotys, or a loss of 0 groszy per share, in the year-earlier period.

As of May 16, US$1 was equivalent to 3.85 zlotys.