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Atal Q1 profit climbs YOY

Atal SA said its first-quarter normalized net income came to 39 groszy per share, an increase from 19 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 15.3 million zlotys, an increase from 6.2 million zlotys in the year-earlier period.

The normalized profit margin increased to 12.9% from 12.1% in the year-earlier period.

Total revenue climbed year over year to 118.0 million zlotys from 51.3 million zlotys, and total operating expenses increased from the prior-year period to 90.2 million zlotys from 39.5 million zlotys.

Reported net income grew on an annual basis to 21.7 million zlotys, or 56 groszy per share, from 9.0 million zlotys, or 28 groszy per share.

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