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Hoteli Haludovo Malinska Q1 loss widens 5.7% YOY

Hoteli Haludovo Malinska d.d. said its normalized net income for the first quarter came to 1.1 million kuna, compared with a loss of 1.0 million kuna in the year-earlier period.

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

Total revenue increased on an annual basis to 21,120 kuna from 20,450 kuna, and total operating expenses increased 11.3% year over year to 1.6 million kuna from 1.4 million kuna.

Reported net income came to a loss of 1.7 million kuna, compared with a loss of 1.6 million kuna in the prior-year period.

As of May 13, US$1 was equivalent to 6.66 kuna.