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Netmedia Q3 profit climbs YOY

Netmedia SpA said its third-quarter normalized net income came to 13 groszy per share, a gain of 32.6% from 10 groszy per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.2 million zlotys, an increase from 1.2 million zlotys in the year-earlier period.

The normalized profit margin climbed to 2.6% from 2.5% in the year-earlier period.

Total revenue totaled 47.2 million zlotys, compared with 47.5 million zlotys in the year-earlier period, and total operating expenses totaled 45.3 million zlotys, compared with 45.5 million zlotys in the year-earlier period.

Reported net income decreased year over year to 1.8 million zlotys, or 19 groszy per share, from 1.9 million zlotys, or 16 groszy per share.

As of Nov. 16, US$1 was equivalent to 3.96 zlotys.