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Rotopino.pl swings to loss in Q1

Rotopino.pl SpA said its normalized net income for the first quarter was a loss of 10,000 zlotys, compared with income of 25,630 zlotys in the year-earlier period.

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

The normalized profit margin declined to negative 0.1% from 0.3% in the year-earlier period.

Total revenue climbed 32.5% year over year to 12.3 million zlotys from 9.3 million zlotys, and total operating expenses climbed 33.2% year over year to 12.3 million zlotys from 9.2 million zlotys.

Reported net income totaled a loss of 19,000 zlotys, or a loss of 0 groszy per share, compared to income of 21,000 zlotys, or 0 groszy per share, in the prior-year period.

As of May 16, US$1 was equivalent to 3.85 zlotys.