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Cyfrowe Centrum Serwisowe Q3 profit falls YOY

Cyfrowe Centrum Serwisowe SpA said its normalized net income for the third quarter was 135,610 zlotys, a decline of 76.7% from 581,790 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 fell to 0.5% from 1.0% in the year-earlier period.

Total revenue decreased 49.6% on an annual basis to 28.5 million zlotys from 56.6 million zlotys, and total operating expenses decreased 49.6% year over year to 28.0 million zlotys from 55.5 million zlotys.

Reported net income fell 79.9% year over year to 148,360 zlotys, or 1 groszy per share, from 738,190 zlotys, or 5 groszy per share.

As of Nov. 12, US$1 was equivalent to 3.93 zlotys.