Wistil SpA said its normalized net income for the third quarter was 3.03 zlotys per share, an increase from 93 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 3.0 million zlotys, a gain from 935,250 zlotys in the prior-year period.

The normalized profit margin increased to 4.5% from 1.6% in the year-earlier period.

Total revenue increased 12.9% year over year to 67.6 million zlotys from 59.9 million zlotys, and total operating expenses grew 6.7% year over year to 62.2 million zlotys from 58.3 million zlotys.

Reported net income increased from the prior-year period to 3.7 million zlotys, or 3.71 zlotys per share, from 1.4 million zlotys, or 1.37 zlotys per share.

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