trending Market Intelligence /marketintelligence/en/news-insights/trending/KxTz4rCJifAG5jIakjPcZA2 content esgSubNav
In This List

Groclin Q1 profit falls YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Groclin Q1 profit falls YOY

Groclin SA said its normalized net income for the first quarter amounted to 3 groszy per share, a decrease of 88.9% from 30 groszy per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 387,500 zlotys, a decrease of 88.9% from 3.5 million zlotys in the prior-year period.

The normalized profit margin declined to negative 0.4% from 6.0% in the year-earlier period.

Total revenue increased 80.1% year over year to 104.6 million zlotys from 58.1 million zlotys, and total operating expenses grew on an annual basis to 105.1 million zlotys from 51.7 million zlotys.

Reported net income decreased 99.1% year over year to 54,110 zlotys, or 0 groszy per share, from 6.1 million zlotys, or 53 groszy per share.

As of May 14, US$1 was equivalent to 3.57 zlotys.