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Solaris Q1 loss widens 24.7% YOY

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Solaris Q1 loss widens 24.7% YOY

4980717 said its normalized net income for the first quarter was 18.4 million kuna, compared with a loss of 14.8 million kuna in the prior-year period.

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

Total revenue came to 4.0 million kuna, compared with 3.9 million kuna in the prior-year period, and total operating expenses climbed 27.6% on an annual basis to 36.9 million kuna from 28.9 million kuna.

Reported net income came to a loss of 29.5 million kuna, compared with a loss of 23.7 million kuna, or a loss of 44.01 kuna per share, in the prior-year period.

s of May 18, US$1 was equivalent to 6.63 kuna.Solaris d.d.

4980717 said its normalized net income for the first quarter was 18.4 million kuna, compared with a loss of 14.8 million kuna in the prior-year period.