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Robyg Q1 profit falls YOY

Robyg SA said its first-quarter normalized net income was 2 groszy per share, a decrease of 30.1% from 3 groszy per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 5.9 million zlotys, a decrease of 28.3% from 8.3 million zlotys in the prior-year period.

The normalized profit margin increased to 7.8% from 6.0% in the year-earlier period.

Total revenue decreased 45.0% on an annual basis to 75.7 million zlotys from 137.7 million zlotys, and total operating expenses decreased 42.1% from the prior-year period to 71.7 million zlotys from 123.9 million zlotys.

Reported net income increased year over year to 16.6 million zlotys, or 6 groszy per share, from 8.1 million zlotys, or 3 groszy per share.

As of May 13, US$1 was equivalent to 3.60 zlotys.