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Il Sole 24 ORE Q1 loss widens YOY

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Il Sole 24 ORE Q1 loss widens YOY

Il Sole 24 ORE SpA said its first-quarter normalized net income amounted to a loss of 27 euro cents per share, compared with a loss of 10 cents 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 €3.6 million, compared with a loss of €1.3 million in the year-earlier period.

The normalized profit margin fell to negative 9.3% from negative 1.6% in the year-earlier period.

Total revenue climbed year over year to €86.0 million from €85.1 million, and total operating expenses grew year over year to €90.1 million from €87.2 million.

Reported net income totaled a loss of €5.8 million, or a loss of 45 cents per share, compared to a loss of €2.8 million, or a loss of 22 cents per share, in the prior-year period.