Atlanta Poland SA said its normalized net income for the fiscal third quarter ended March 31 amounted to 18 groszy per share, a decrease of 46.3% from 33 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 1.1 million zlotys, a decline of 46.1% from 2.0 million zlotys in the prior-year period.

The normalized profit margin declined to 1.6% from 3.0% in the year-earlier period.

Total revenue rose year over year to 68.9 million zlotys from 67.5 million zlotys, and total operating expenses grew year over year to 66.9 million zlotys from 63.9 million zlotys.

Reported net income declined 41.3% from the prior-year period to 1.5 million zlotys, or 24 groszy per share, from 2.5 million zlotys, or 41 groszy per share.

As of May 16, US$1 was equivalent to 3.85 zlotys.