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Colian Holding Q3 profit climbs YOY

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Colian Holding Q3 profit climbs YOY

Colian Holding SA said its third-quarter normalized net income was 6 groszy per share, a gain of 8.4% from 6 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 11.1 million zlotys, an increase from 10.6 million zlotys in the year-earlier period.

The normalized profit margin rose to 5.1% from 4.6% in the year-earlier period.

Total revenue decreased year over year to 217.0 million zlotys from 227.4 million zlotys, and total operating expenses decreased on an annual basis to 199.9 million zlotys from 208.3 million zlotys.

Reported net income grew 8.5% from the prior-year period to 16.3 million zlotys, or 9 groszy per share, from 15.0 million zlotys, or 8 groszy per share.

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