Robyg SA said its first-quarter normalized net income amounted to 4 groszy per share, an increase of 95.9% from 2 groszy per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 11.6 million zlotys, an increase of 96.4% from 5.9 million zlotys in the year-earlier period.

The normalized profit margin climbed to 9.5% from 7.8% in the year-earlier period.

Total revenue climbed 61.9% year over year to 122.6 million zlotys from 75.7 million zlotys, and total operating expenses rose 53.6% year over year to 110.2 million zlotys from 71.7 million zlotys.

Reported net income declined 10.9% year over year to 14.8 million zlotys, or 6 groszy per share, from 16.6 million zlotys, or 6 groszy per share.

As of May 12, US$1 was equivalent to 3.87 zlotys.