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Dywilan swings to loss in Q3

Dywilan SpA said its third-quarter normalized net income came to 44,440 zlotys, compared with income of 2,850 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 declined to negative 1.3% from 0.1% in the year-earlier period.

Total revenue grew 5.7% year over year to 3.3 million zlotys from 3.1 million zlotys, and total operating expenses increased 8.3% year over year to 3.3 million zlotys from 3.1 million zlotys.

Reported net income totaled a loss of 55,500 zlotys, compared with income of 4,550 zlotys in the prior-year period.

As of Nov. 14, US$1 was equivalent to 4.12 zlotys.