Hoop SA has reported a net loss for the first quarter of 2005. The Polish soft drinks company said yesterday (17 May) that it has racked up losses of PLN4.1m (US$1.2m) in Q1, up from a net loss in the first quarter of 2004 of PLN34,000 (US$10,200).

Operating losses for Hoop were up from PLN1.3m to PLN3.2m, while revenues fell to PLN63.7m from PLN69.7m in the corresponding period last year.

Shares in Hoop began trading on the Warsaw stock market in August, 2003.