Aroma AD said its normalized net income for the first quarter came to 2 stotinki per share, a decrease of 26.8% from 2 stotinki per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 254,380 leva, a decline of 26.8% from 347,500 leva in the prior-year period.

The normalized profit margin dropped to 3.6% from 4.9% in the year-earlier period.

Total revenue totaled 7.1 million leva, compared with 7.1 million leva in the prior-year period, and total operating expenses rose year over year to 6.7 million leva from 6.5 million leva.

Reported net income fell 26.4% year over year to 409,000 leva, or 3 stotinki per share, from 556,000 leva, or 4 stotinki per share.

As of May 27, US$1 was equivalent to 1.75 leva.