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Wistil Q3 profit climbs YOY

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.