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Robyg Q3 profit climbs YOY

Robyg SA said its third-quarter normalized net income came to 7.9 million zlotys, a rise from 2.4 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 dropped to 4.1% from 5.6% in the year-earlier period.

Total revenue increased on an annual basis to 194.3 million zlotys from 43.6 million zlotys, and total operating expenses grew from the prior-year period to 176.6 million zlotys from 37.9 million zlotys.

Reported net income grew on an annual basis to 43.1 million zlotys, or 16 groszy per share, from 2.7 million zlotys, or 1 groszy per share.

As of Nov. 11, US$1 was equivalent to 3.93 zlotys.