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Mex Polska Q3 profit climbs YOY

Mex Polska SA said its normalized net income for the third quarter amounted to 10 groszy per share, a decline from 10 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 782,260 zlotys, a gain from 757,170 zlotys in the prior-year period.

The normalized profit margin declined to 4.8% from 5.2% in the year-earlier period.

Total revenue increased 11.3% on an annual basis to 16.2 million zlotys from 14.6 million zlotys, and total operating expenses increased 12.7% on an annual basis to 14.8 million zlotys from 13.2 million zlotys.

Reported net income fell 7.2% on an annual basis to 1.2 million zlotys, or 15 groszy per share, from 1.3 million zlotys, or 17 groszy per share.

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