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Maistra profit holds relatively steady YOY in Q1

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Maistra profit holds relatively steady YOY in Q1

Maistra d.d. said its normalized net income for the first quarter was a loss of 4.24 kuna per share, compared with a loss of 4.22 kuna 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 46.4 million kuna, compared with a loss of 46.2 million kuna in the year-earlier period.

The normalized profit margin climbed to negative 171.4% from negative 230.6% in the year-earlier period.

Total revenue grew 35.1% on an annual basis to 27.1 million kuna from 20.0 million kuna, and total operating expenses grew 15.5% from the prior-year period to 94.5 million kuna from 81.9 million kuna.

Reported net income totaled a loss of 76.3 million kuna, or a loss of 6.97 kuna per share, compared to a loss of 75.0 million kuna, or a loss of 6.85 kuna per share, in the prior-year period.

As of April 30, US$1 was equivalent to 6.75 kuna.