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Intersport Polska Q3 loss widens 6.2% YOY

Intersport Polska S.A. said its third-quarter normalized net income was a loss of 3 groszy per share, compared with a loss of 3 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 a loss of 429,380 zlotys, compared with a loss of 404,380 zlotys in the prior-year period.

The normalized profit margin dropped to negative 0.8% from negative 0.8% in the year-earlier period.

Total revenue fell on an annual basis to 50.8 million zlotys from 53.3 million zlotys, and total operating expenses fell from the prior-year period to 51.3 million zlotys from 53.6 million zlotys.

Reported net income came to a loss of 975,330 zlotys, or a loss of 7 groszy per share, compared to a loss of 836,000 zlotys, or a loss of 6 groszy per share, in the prior-year period.

As of Oct. 26, US$1 was equivalent to 3.97 zlotys.