Eniro swings to loss in Q1 2019.
NORDIC BUSINESS REPORT-May 10, 2019-Eniro swings to loss in Q1 2019
(C)2019 M2 COMMUNICATIONS http://www.m2.com
Eniro AB (STO:ENRO) reported on Thursday a net loss of SEK38m, or SEK0.59 per diluted share, for the first quarter of 2019, from January to March 2019.
This was a decline from net income of SEK3m, or diluted EPS of SEK0.03, in Q1 2018.
Total operating revenues for the quarter amounted to SEK275m, down by 22% from SEK354m in Q1 2018. Excluding Eniro Polska, which was divested in October 2018, the decrease amounted to 10%.
Also, as of January 2019, Eniro applied the new accounting standard IFRS 16 -Leases with the modified transition method. The standard requires no...
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