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Milkpol swings to loss in Q1

4912203 said its normalized net income for the first quarter amounted to a loss of 40,880 zlotys, compared with income of 193,690 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 declined to negative 0.8% from 3.7% in the year-earlier period.

Total revenue increased year over year to 5.4 million zlotys from 5.2 million zlotys, and total operating expenses rose 10.5% from the prior-year period to 5.4 million zlotys from 4.9 million zlotys.

Reported net income came to a loss of 46,890 zlotys, or a loss of 0 groszy per share, compared to income of 267,830 zlotys, or 2 groszy per share, in the prior-year period.

s of May 16, US$1 was equivalent to 3.85 zlotys.Milkpol SA

4912203 said its normalized net income for the first quarter amounted to a loss of 40,880 zlotys, compared with income of 193,690 zlotys in the prior-year period.