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Wittchen Q3 profit climbs 8.3% YOY

Wittchen S.A. said its normalized net income for the third quarter came to 32 groszy per share, a decrease of 5.3% from 34 groszy per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 5.3 million zlotys, an increase of 8.3% from 4.9 million zlotys in the year-earlier period.

The normalized profit margin declined to 12.3% from 12.5% in the year-earlier period.

Total revenue climbed 10.0% year over year to 42.9 million zlotys from 39.0 million zlotys, and total operating expenses climbed 12.7% from the prior-year period to 34.1 million zlotys from 30.2 million zlotys.

Reported net income increased 8.8% year over year to 6.5 million zlotys, or 39 groszy per share, from 6.0 million zlotys, or 41 groszy per share.

As of Nov. 9, US$1 was equivalent to 3.96 zlotys.