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GLG Pharma Q1 loss narrows YOY

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Investment Banking Essentials: April 17

GLG Pharma Q1 loss narrows YOY

GLG Pharma S.A. said its normalized net income for the first quarter came to a loss of 7,440 zlotys, compared with a loss of 15,440 zlotys in the year-earlier period.

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

Reported net income totaled a loss of 11,900 zlotys, or a loss of 0 groszy per share, compared to a loss of 24,700 zlotys, or a loss of 3 groszy per share, in the prior-year period.

As of May 17, US$1 was equivalent to 3.86 zlotys.