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Inter Cars Q3 profit climbs 6.2% YOY

Inter Cars SA said its third-quarter normalized net income was 3.05 zlotys per share, an increase of 6.2% from 2.87 zlotys per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 43.2 million zlotys, a gain of 6.2% from 40.7 million zlotys in the year-earlier period.

The normalized profit margin dropped to 3.4% from 4.1% in the year-earlier period.

Total revenue rose 26.4% year over year to 1.26 billion zlotys from 997.1 million zlotys, and total operating expenses rose 27.6% year over year to 1.19 billion zlotys from 929.2 million zlotys.

Reported net income increased 6.8% year over year to 60.1 million zlotys, or 4.24 zlotys per share, from 56.2 million zlotys, or 3.97 zlotys per share.

As of Nov. 16, US$1 was equivalent to 3.96 zlotys.