trending Market Intelligence /marketintelligence/en/news-insights/trending/3_0F_ARSBnwz1-pmh_wubQ2 content esgSubNav
In This List

AmRest Holdings Q1 profit climbs YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


AmRest Holdings Q1 profit climbs YOY

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.