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Groupe Flo swings to loss in Q1

4275726 said its first-quarter normalized net income amounted to €3.3 million, compared with income of €687,500 in the prior-year period.

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

The normalized profit margin dropped to negative 4.4% from 0.9% in the year-earlier period.

otal revenue fell 6.8% year over year to €74.1 million from €79.5 million, and total operating expenses climb Groupe Flo SA