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Robinson Europe fiscal Q1 loss narrows YOY

Robinson Europe SpA said its normalized net income for the fiscal first quarter ended Jan. 31 was a loss of 19 groszy per share, compared with a loss of 19 groszy 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 290,480 zlotys, compared with a loss of 292,920 zlotys in the prior-year period.

The normalized profit margin increased to negative 10.5% from negative 12.1% in the year-earlier period.

Total revenue climbed 16.3% on an annual basis to 2.8 million zlotys from 2.4 million zlotys, and total operating expenses grew 13.3% year over year to 3.2 million zlotys from 2.8 million zlotys.

Reported net income came to a loss of 472,870 zlotys, or a loss of 31 groszy per share, compared to a loss of 456,570 zlotys, or a loss of 29 groszy per share, in the year-earlier period.

As of March 17, US$1 was equivalent to 3.91 zlotys.