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Dywilan Q3 profit falls YOY

Dywilan SpA said its third-quarter normalized net income came to 2,850 zlotys, a fall of 96.3% from 76,270 zlotys in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to 0.1% from 1.7% in the year-earlier period.

Total revenue declined 30.0% year over year to 3.1 million zlotys from 4.5 million zlotys, and total operating expenses declined 28.6% year over year to 3.1 million zlotys from 4.3 million zlotys.

Reported net income totaled 4,550 zlotys, compared with 122,030 zlotys in the prior-year period.

As of Nov. 12, US$1 was equivalent to 3.93 zlotys.