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ESOTIQ & Henderson swings to loss in Q3

4915538 said its third-quarter normalized net income came to a loss of 16 groszy per share, compared with 13 groszy per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 358,000 zlotys, compared with income of 229,880 zlotys in the prior-year period.

The normalized profit margin declined to negative 1.0% from 0.7% in the year-earlier period.

Total revenue grew 13.4% on an annual basis to 37.5 million zlotys from 33.1 million zlotys, and total operating expenses climbed 16.6% from the prior-year period to 38.3 million zlotys from 32.9 million zlotys.

eported net income came to a loss of 868,000 zlo ESOTIQ & Henderson SA