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Oponeo.pl Q1 loss widens YOY

Oponeo.pl S.A. said its first-quarter normalized net income came to a loss of 25 groszy per share, compared with a loss of 6 groszy per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 3.5 million zlotys, compared with a loss of 799,380 zlotys in the year-earlier period.

The normalized profit margin increased to 4.1% from negative 1.0% in the year-earlier period.

Total revenue climbed 16.3% year over year to 90.7 million zlotys from 78.0 million zlotys, and total operating expenses grew 21.8% year over year to 96.7 million zlotys from 79.4 million zlotys.

Reported net income came to 4.6 million zlotys, or 33 groszy per share, compared to a loss of 1.4 million zlotys, or a loss of 10 groszy per share, in the year-earlier period.

As of May 12, US$1 was equivalent to 3.87 zlotys.