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Clemondo Group Q1 loss widens YOY

4915682 said its first-quarter normalized net income came to a loss of 608,130 kronor, compared with a loss of 32,500 kronor in the prior-year period.

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

The normalized profit margin declined to negative 1.7% from negative 0.1% in the year-earlier period.

Total revenue came to 35.0 million kronor, compared with 34.8 million kronor in the year-earlier period, and total operating expenses rose on an annual basis to 35.7 million kronor from 34.5 million kronor.

eported net income totaled a loss of 990,000 kronor, or a Clemondo Group AB