trending Market Intelligence /marketintelligence/en/news-insights/trending/sa_DFrXg_3KnapwEzk6gRw2 content esgSubNav
In This List

DEAG Deutsche Entertainment swings to loss in Q1


Next in Tech | Episode 84: The bear bites M&A


MediaTalk Episode 27


Tudor, Pickering, Holt & Co. Research Now Available

Case Study

A University Adds Aftermarket Research to Its Student Toolkit

DEAG Deutsche Entertainment swings to loss in Q1

DEAG Deutsche Entertainment AG said its normalized net income for the first quarter came to a loss of 1 euro cents per share, compared with 5 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 €242,000, compared with income of €873,880 in the prior-year period.

The normalized profit margin climbed to 11.4% from 2.2% in the year-earlier period.

Total revenue fell 19.5% on an annual basis to €31.3 million from €38.9 million, and total operating expenses fell 16.1% year over year to €31.0 million from €36.9 million.

Reported net income came to a loss of €355,000, or a loss of 2 cents per share, compared to income of €1.2 million, or 7 cents per share, in the year-earlier period.