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Cyfrowe Centrum Serwisowe Q1 profit climbs YOY

Cyfrowe Centrum Serwisowe SpA said its first-quarter normalized net income amounted to 3 groszy per share, an increase from 1 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 469,090 zlotys, a gain from 222,500 zlotys in the prior-year period.

The normalized profit margin climbed to 1.2% from 0.6% in the year-earlier period.

Total revenue declined year over year to 39.0 million zlotys from 39.6 million zlotys, and total operating expenses declined from the prior-year period to 38.5 million zlotys from 38.9 million zlotys.

Reported net income rose 96.3% year over year to 551,100 zlotys, or 3 groszy per share, from 280,740 zlotys, or 2 groszy per share.

As of May 14, US$1 was equivalent to 3.57 zlotys.