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Intersport Polska Q3 loss narrows YOY


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Intersport Polska Q3 loss narrows YOY

Intersport Polska S.A. said its normalized net income for the third quarter came to a loss of 3 groszy per share, compared with a loss of 9 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 a loss of 404,380 zlotys, compared with a loss of 1.2 million zlotys in the year-earlier period.

The normalized profit margin increased to negative 0.8% from negative 2.4% in the year-earlier period.

Total revenue increased 5.7% year over year to 53.3 million zlotys from 50.4 million zlotys, and total operating expenses increased on an annual basis to 53.6 million zlotys from 51.8 million zlotys.

Reported net income totaled a loss of 836,000 zlotys, or a loss of 6 groszy per share, compared to a loss of 1.7 million zlotys, or a loss of 12 groszy per share, in the year-earlier period.

As of Nov. 10, US$1 was equivalent to 3.96 zlotys.