Scanfil Oyj said its normalized net income for the first quarter was a loss of €62,500, compared with income of €2.1 million in the prior-year period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin declined to negative 0.0% from 4.5% in the year-earlier period.
Total revenue increased year over year to €130.4 million from €45.9 million, and total operating expenses rose year over year to €130.0 million from €43.3 million.
Reported net income came to a loss of €1.7 million, or a loss of 3 cents per share, compared to income of €2.7 million, or 5 cents per share, in the year-earlier period.