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Miraculum Q1 loss narrows YOY

Miraculum SA said its first-quarter normalized net income came to a loss of 5 groszy per share, compared with a loss of 10 groszy per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 468,470 zlotys, compared with a loss of 555,450 zlotys in the prior-year period.

The normalized profit margin increased to negative 5.5% from negative 7.7% in the year-earlier period.

Total revenue increased 17.3% year over year to 8.5 million zlotys from 7.2 million zlotys, and total operating expenses rose 15.8% from the prior-year period to 8.5 million zlotys from 7.3 million zlotys.

Reported net income totaled a loss of 1.0 million zlotys, or a loss of 11 groszy per share, compared to income of 47,880 zlotys, or 1 groszy per share, in the prior-year period.

As of May 12, US$1 was equivalent to 3.87 zlotys.