trending Market Intelligence /marketintelligence/en/news-insights/trending/c9LYgidkm7hB6b1qhRu3xw2 content esgSubNav
In This List

North Coast SA swings to profit in Q1


S&P Capital IQ Pro: Unrivaled Sector Coverage

S&P Capital IQ Pro | Powered by Expert Insights


Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud


Investment Research Analysts Providing Greater Coverage on Inflation

North Coast SA swings to profit in Q1

North Coast SA said its first-quarter normalized net income amounted to 12 groszy per share, compared with a loss of 3 groszy per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 375,000 zlotys, compared with a loss of 93,000 zlotys in the year-earlier period.

The normalized profit margin increased to 1.1% from negative 0.2% in the year-earlier period.

Total revenue decreased 18.0% on an annual basis to 33.6 million zlotys from 41.0 million zlotys, and total operating expenses fell 17.3% on an annual basis to 34.6 million zlotys from 41.9 million zlotys.

Reported net income came to 2,000 zlotys, or 0 groszy per share, compared to a loss of 770,000 zlotys, or a loss of 24 groszy per share, in the year-earlier period.

As of May 15, US$1 was equivalent to 3.54 zlotys.