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ORGANIC Farma Zdrowia Q1 profit falls YOY

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ORGANIC Farma Zdrowia Q1 profit falls YOY

4915400 said its normalized net income for the first quarter amounted to 385,000 zlotys, a decrease of 36.5% from 606,250 zlotys in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to 1.6% from 3.0% in the year-earlier period.

Total revenue grew 24.1% year over year to 24.8 million zlotys from 20.0 million zlotys, and total operating expenses increased 24.1% year over year to 24.1 million zlotys from 19.4 million zlotys.

Reported net income totaled 435,000 zlotys, compared with 803,000 zlotys in the year-earlier period.

s of May 13, US$1 was equivalent to 3.90 zlotys.ORGANIC Farma Zdrowia SA

4915400 said its normalized net income for the first quarter amounted to 385,000 zlotys, a decrease of 36.5% from 606,250 zlotys in the prior-year period.