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MHP Q1 loss widens YOY

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MHP Q1 loss widens YOY

4911201 said its normalized net income for the first quarter came to a loss of $1.97 per share, compared with a loss of $1.92 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 $208.0 million, compared with a loss of $202.7 million in the prior-year period.

The normalized profit margin dropped to negative 85.9% from negative 65.7% in the year-earlier period.

otal revenue decreased 21.5% year over year to $242.2 million from $308.6 million, and total operating expenses decreased 38.3% year over year to $150.5 million from $2 MHP SE