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Laser-Med Q3 loss narrows YOY

One More Level Spólka Akcyjna said its normalized net income for the third quarter came to a loss of 15,160 zlotys, compared with a loss of 27,240 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 climbed to negative 12.1% from negative 22.3% in the year-earlier period.

Total revenue rose year over year to 124,860 zlotys from 121,930 zlotys, and total operating expenses fell 13.3% from the prior-year period to 142,250 zlotys from 164,130 zlotys.

Reported net income came to a loss of 24,260 zlotys, or a loss of 0 groszy per share, compared to a loss of 43,580 zlotys, or a loss of 1 groszy per share, in the year-earlier period.

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