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Bio Planet Q4 profit falls YOY

Bio Planet SA said its normalized net income for the fourth quarter amounted to 6 groszy per share, a decrease of 43.4% 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 159,680 zlotys, a decrease of 61.3% from 412,220 zlotys in the prior-year period.

The normalized profit margin dropped to 0.7% from 2.3% in the year-earlier period.

Total revenue climbed 38.1% year over year to 25.0 million zlotys from 18.1 million zlotys, and total operating expenses increased 41.6% on an annual basis to 24.6 million zlotys from 17.4 million zlotys.

Reported net income decreased 55.1% on an annual basis to 222,740 zlotys, or 8 groszy per share, from 495,980 zlotys, or 12 groszy per share.

For the year, the company's normalized net income totaled 56 groszy per share, an increase of 11.8% from 50 groszy per share in the prior year.

Normalized net income was 1.6 million zlotys, an increase of 24.8% from 1.3 million zlotys in the prior year.

Full-year total revenue rose 36.5% on an annual basis to 86.1 million zlotys from 63.0 million zlotys, and total operating expenses rose 37.0% year over year to 83.2 million zlotys from 60.8 million zlotys.

The company said reported net income grew 30.9% on an annual basis to 2.0 million zlotys, or 71 groszy per share, in the full year, from 1.5 million zlotys, or 61 groszy per share.

As of March 24, US$1 was equivalent to 3.82 zlotys.