trending Market Intelligence /marketintelligence/en/news-insights/trending/-n-Tdl8YsBP7Hice7CLFoQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Global Cosmed swings to loss in Q3


What’s the Bottom Line: Credit Impact of COVID-19 on US Municipals


Banking Essentials Newsletter - February Edition, Part 2


Episode 1: Origins of 451 Research - Part 1


Episode 3: Transformation of Customer Experience in 2020

Global Cosmed swings to loss in Q3

Global Cosmed S.A. said its third-quarter normalized net income amounted to a loss of 323,630 zlotys, compared with income of 535,630 zlotys in the year-earlier period.

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

The normalized profit margin fell to negative 0.4% from 0.9% in the year-earlier period.

Total revenue grew 34.2% year over year to 83.0 million zlotys from 61.9 million zlotys, and total operating expenses climbed 37.6% on an annual basis to 83.8 million zlotys from 60.9 million zlotys.

Reported net income totaled a loss of 860,760 zlotys, or a loss of 1 groszy per share, compared to income of 710,670 zlotys, or 2 groszy per share, in the prior-year period.

As of Nov. 4, US$1 was equivalent to 3.89 zlotys.