AmRest Holdings SE said its normalized net income for the first quarter amounted to 1.04 zlotys per share, an increase from 39 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 22.1 million zlotys, a gain from 8.4 million zlotys in the year-earlier period.
The normalized profit margin increased to 2.9% from 1.3% in the year-earlier period.
Total revenue increased 11.3% on an annual basis to 750.4 million zlotys from 674.1 million zlotys, and total operating expenses climbed 8.7% year over year to 706.8 million zlotys from 650.3 million zlotys.
Reported net income rose year over year to 27.2 million zlotys, or 1.28 zlotys per share, from 8.4 million zlotys, or 39 groszy per share.
As of May 8, US$1 was equivalent to 3.61 zlotys.
