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Zaklady Lentex Q3 profit climbs 19.0% YOY

Lentex S.A. said its third-quarter normalized net income was 17 groszy per share, a gain of 23.9% from 14 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 9.2 million zlotys, an increase of 19.0% from 7.8 million zlotys in the year-earlier period.

The normalized profit margin declined to 6.8% from 8.6% in the year-earlier period.

Total revenue increased 51.2% year over year to 136.2 million zlotys from 90.1 million zlotys, and total operating expenses climbed 56.4% on an annual basis to 118.3 million zlotys from 75.6 million zlotys.

Reported net income grew 22.6% on an annual basis to 13.2 million zlotys, or 25 groszy per share, from 10.8 million zlotys, or 19 groszy per share.

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