A. Tsokkos Hotels Public Ltd said its normalized net income for the first quarter was a loss of €5.2 million, compared with a loss of €1.6 million in the prior-year period.

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

Total revenue climbed year over year to €1.7 million from €285,510, and total operating expenses rose from the prior-year period to €1.9 million from €885,680.

Reported net income came to a loss of €8.4 million, or a loss of 3 cents per share, compared to a loss of €2.6 million, or a loss of 1 cents per share, in the year-earlier period.