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Wistil Q1 profit climbs YOY

Wistil SpA said its normalized net income for the first quarter amounted to 1.64 zlotys per share, an increase from 1.58 zlotys per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.6 million zlotys, a gain from 1.6 million zlotys in the prior-year period.

The normalized profit margin rose to 2.7% from 2.4% in the year-earlier period.

Total revenue fell 7.5% on an annual basis to 60.4 million zlotys from 65.3 million zlotys, and total operating expenses fell 7.7% on an annual basis to 57.5 million zlotys from 62.3 million zlotys.

Reported net income increased 16.8% from the prior-year period to 2.5 million zlotys, or 2.46 zlotys per share, from 2.1 million zlotys, or 2.10 zlotys per share.

As of May 15, US$1 was equivalent to 3.54 zlotys.