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Mr Hamburger swings to profit in Q3

Mr Hamburger SA said its normalized net income for the third quarter came to 209,780 zlotys, compared with a loss of 38,560 zlotys in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin climbed to 7.2% from negative 1.3% in the year-earlier period.

Total revenue grew on an annual basis to 2.9 million zlotys from 2.9 million zlotys, and total operating expenses fell 11.7% from the prior-year period to 2.6 million zlotys from 2.9 million zlotys.

Reported net income came to 334,880 zlotys, or 3 groszy per share, compared to a loss of 32,690 zlotys, or a loss of 0 groszy per share, in the year-earlier period.

As of Nov. 13, US$1 was equivalent to 3.95 zlotys.