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AlejaSamochodowa.pl Q3 profit climbs 27.8% YOY

AlejaSamochodowa.pl SA said its third-quarter normalized net income was 31,700 zlotys, a rise of 27.8% from 24,800 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 4.7% from 4.7% in the year-earlier period.

Total revenue increased 29.1% on an annual basis to 678,130 zlotys from 525,190 zlotys, and total operating expenses increased 29.4% on an annual basis to 627,410 zlotys from 484,950 zlotys.

Reported net income rose from the prior-year period to 110,720 zlotys, or 2 groszy per share, from 39,680 zlotys.

As of Nov. 13, US$1 was equivalent to 3.95 zlotys.