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Komputronik fiscal Q3 profit climbs 70.8% YOY

Komputronik SA said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 73 groszy per share, a gain of 72.0% from 42 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 6.9 million zlotys, a gain of 70.8% from 4.0 million zlotys in the prior-year period.

The normalized profit margin climbed to 1.0% from 0.9% in the year-earlier period.

Total revenue climbed 43.0% year over year to 665.8 million zlotys from 465.5 million zlotys, and total operating expenses grew 42.2% from the prior-year period to 650.5 million zlotys from 457.4 million zlotys.

Reported net income declined 32.3% from the prior-year period to 9.9 million zlotys, or 1.04 zlotys per share, from 14.6 million zlotys, or 1.52 zlotys per share.

As of Feb. 11, US$1 was equivalent to 3.73 zlotys.