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Hollywood SA Q3 profit falls YOY

Hollywood SA said its normalized net income for the third quarter amounted to 229,370 zlotys, a fall of 86.0% from 1.6 million 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 0.2% from 9.1% in the year-earlier period.

Total revenue grew 17.1% on an annual basis to 20.9 million zlotys from 17.9 million zlotys, and total operating expenses increased 35.7% from the prior-year period to 20.1 million zlotys from 14.8 million zlotys.

Reported net income came to a loss of 99,350 zlotys, or a loss of 0 groszy per share, compared to income of 2.2 million zlotys, or 6 groszy per share, in the year-earlier period.

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