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Rokiskio Suris Q1 loss narrows YOY

Rokiskio Suris AB said its first-quarter normalized net income came to a loss of €98,130, compared with a loss of €421,880 in the prior-year period.

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

The normalized profit margin increased to negative 0.2% from negative 0.7% in the year-earlier period.

Total revenue fell 17.6% on an annual basis to €52.3 million from €63.4 million, and total operating expenses declined 18.1% on an annual basis to €52.4 million from €64.0 million.

Reported net income totaled a loss of €46,000, or a loss of 0 cents per share, compared to a loss of €597,000, or a loss of 2 cents per share, in the prior-year period.