trending Market Intelligence /marketintelligence/en/news-insights/trending/zQ2yIiECJlAN4WYdTMNPbA2 content esgSubNav
In This List

Larq SA Q1 loss narrows YOY

Blog

Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

LCD Monthly Newsletter: September 2021

Blog

Industries Most and Least Impacted by COVID-19: A Market-Implied Probability of Default Perspective


Larq SA Q1 loss narrows YOY

Larq S.A. said its first-quarter normalized net income amounted to a loss of 9 groszy per share, compared with a loss of 39 groszy per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 646,420 zlotys, compared with a loss of 2.5 million zlotys in the year-earlier period.

The normalized profit margin rose to negative 5.1% from negative 49.5% in the year-earlier period.

Total revenue climbed on an annual basis to 12.7 million zlotys from 5.1 million zlotys, and total operating expenses rose 41.9% year over year to 13.7 million zlotys from 9.6 million zlotys.

Reported net income totaled a loss of 1.3 million zlotys, or a loss of 18 groszy per share, compared to a loss of 4.3 million zlotys, or a loss of 66 groszy per share, in the prior-year period.

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