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Mr Hamburger Q3 profit climbs 42.2% YOY

Mr Hamburger SA said its normalized net income for the third quarter came to 3 groszy per share, a gain of 42.2% from 2 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 298,360 zlotys, an increase of 42.2% from 209,780 zlotys in the prior-year period.

The normalized profit margin rose to 9.2% from 7.2% in the year-earlier period.

Total revenue climbed 11.4% on an annual basis to 3.2 million zlotys from 2.9 million zlotys, and total operating expenses grew 7.8% from the prior-year period to 2.8 million zlotys from 2.6 million zlotys.

Reported net income increased 42.5% from the prior-year period to 477,370 zlotys, or 5 groszy per share, from 334,880 zlotys, or 3 groszy per share.

As of Nov. 14, US$1 was equivalent to 4.12 zlotys.