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Hollywood SA Q1 profit climbs 23.2% YOY

Hollywood SA said its first-quarter normalized net income was 4 groszy per share, a gain of 23.2% from 4 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 1.4 million zlotys, an increase of 23.2% from 1.1 million zlotys in the year-earlier period.

The normalized profit margin fell to 10.2% from 10.6% in the year-earlier period.

Total revenue rose 29.2% year over year to 13.3 million zlotys from 10.3 million zlotys, and total operating expenses rose 33.7% year over year to 11.0 million zlotys from 8.2 million zlotys.

Reported net income increased 77.6% from the prior-year period to 1.7 million zlotys, or 6 groszy per share, from 979,580 zlotys, or 3 groszy per share.

As of May 15, US$1 was equivalent to 3.54 zlotys.