trending Market Intelligence /marketintelligence/en/news-insights/trending/6GMYkKxpdXnya5Bq485OxA2 content esgSubNav
In This List

Grupa Zywiec swings to profit in Q1

Blog

HDFC Securities Investment Research Now Available through S&P Capital IQ Pro

Podcast

MediaTalk | Season 2
Ep.2 Back to the Box Office

Blog

The Marriage of Two Best-in-Class Solutions Delivers a Significant Advancement in Data Visualization and Technical Analysis

Case Study

A Green Lender Adopts a Robust Approach for Assessing Project Finance Credit Risks


Grupa Zywiec swings to profit in Q1

Grupa Zywiec S.A. said its normalized net income for the first quarter was 2.19 zlotys per share, compared with a loss of 32 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 22.5 million zlotys, compared with a loss of 3.2 million zlotys in the prior-year period.

The normalized profit margin increased to 4.6% from negative 0.5% in the year-earlier period.

Total revenue decreased 18.0% year over year to 493.8 million zlotys from 602.5 million zlotys, and total operating expenses declined 25.4% year over year to 450.4 million zlotys from 604.1 million zlotys.

Reported net income totaled 59.8 million zlotys, or 5.82 zlotys per share, compared to a loss of 4.1 million zlotys, or a loss of 40 groszy per share, in the prior-year period.

As of April 20, US$1 was equivalent to 3.78 zlotys.