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WASGAU Produktions & Handels Q1 loss narrows YOY

WASGAU Produktions & Handels AG said its first-quarter normalized net income was a loss of 11 euro cents per share, compared with a loss of 22 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €765,250, compared with a loss of €1.5 million in the year-earlier period.

The normalized profit margin increased to negative 0.7% from negative 1.3% in the year-earlier period.

Total revenue climbed on an annual basis to €117.7 million from €112.9 million, and total operating expenses grew on an annual basis to €118.4 million from €114.7 million.

Reported net income came to a loss of €1.4 million, or a loss of 20 cents per share, compared to a loss of €2.4 million, or a loss of 37 cents per share, in the year-earlier period.