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Seko SA Q1 profit climbs YOY

Seko S.A. said its normalized net income for the first quarter amounted to 19 groszy per share, an increase from 18 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 1.3 million zlotys, an increase from 1.2 million zlotys in the year-earlier period.

The normalized profit margin declined to 3.4% from 3.5% in the year-earlier period.

Total revenue climbed on an annual basis to 36.5 million zlotys from 35.2 million zlotys, and total operating expenses increased from the prior-year period to 34.5 million zlotys from 33.5 million zlotys.

Reported net income increased from the prior-year period to 1.6 million zlotys, or 24 groszy per share, from 1.5 million zlotys, or 23 groszy per share.

As of May 6, US$1 was equivalent to 3.87 zlotys.