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E-Kiosk Q3 loss narrows YOY

e-Kiosk S.A. said its normalized net income for the third quarter amounted to a loss of 53,570 zlotys, compared with a loss of 66,930 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 rose to negative 1.0% from negative 1.6% in the year-earlier period.

Total revenue rose 31.4% year over year to 5.4 million zlotys from 4.1 million zlotys, and total operating expenses rose 30.1% from the prior-year period to 5.5 million zlotys from 4.2 million zlotys.

Reported net income totaled a loss of 62,010 zlotys, or a loss of 0 groszy per share, compared to a loss of 41,850 zlotys, or a loss of 0 groszy per share, in the prior-year period.

As of Nov. 8, US$1 was equivalent to 3.92 zlotys.