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TOYA SpA Q1 profit falls YOY

TOYA SpA said its normalized net income for the first quarter was 5 groszy per share, a decrease of 18.0% from 6 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 4.2 million zlotys, a decline of 15.1% from 4.9 million zlotys in the prior-year period.

The normalized profit margin declined to 5.9% from 7.8% in the year-earlier period.

Total revenue climbed 12.7% on an annual basis to 70.6 million zlotys from 62.6 million zlotys, and total operating expenses climbed 16.1% from the prior-year period to 63.6 million zlotys from 54.8 million zlotys.

Reported net income fell 9.4% on an annual basis to 5.5 million zlotys, or 7 groszy per share, from 6.0 million zlotys, or 8 groszy per share.

As of May 6, US$1 was equivalent to 3.56 zlotys.