Atal SA said its third-quarter normalized net income was 24 groszy per share, a decline of 86.9% from 1.84 zlotys per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 9.3 million zlotys, a decrease of 84.3% from 59.4 million zlotys in the prior-year period.

The normalized profit margin fell to 12.6% from 24.2% in the year-earlier period.

Total revenue declined 69.9% on an annual basis to 73.9 million zlotys from 245.6 million zlotys, and total operating expenses decreased 61.1% year over year to 58.2 million zlotys from 149.7 million zlotys.

Reported net income declined 83.5% on an annual basis to 12.8 million zlotys, or 33 groszy per share, from 78.0 million zlotys, or 2.42 zlotys per share.

As of Nov. 16, US$1 was equivalent to 3.96 zlotys.