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ORGANIC Farma Zdrowia Q1 profit climbs YOY

ORGANIC Farma Zdrowia SA said its first-quarter normalized net income was 606,250 zlotys, a rise from 200,630 zlotys in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to 3.0% from 1.3% in the year-earlier period.

Total revenue increased 28.3% year over year to 20.0 million zlotys from 15.6 million zlotys, and total operating expenses climbed 26.8% from the prior-year period to 19.4 million zlotys from 15.3 million zlotys.

Reported net income came to 803,000 zlotys, compared with 321,000 zlotys in the prior-year period.

As of May 14, US$1 was equivalent to 3.57 zlotys.