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Robinson Europe fiscal Q3 profit falls YOY

Robinson Europe SpA said its normalized net income for the fiscal third quarter ended July 31 was 7 groszy per share, a decline of 24.4% 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 132,910 zlotys, a decline of 9.8% from 147,420 zlotys in the year-earlier period.

The normalized profit margin rose to 3.1% from 2.6% in the year-earlier period.

Total revenue decreased 25.8% year over year to 4.3 million zlotys from 5.7 million zlotys, and total operating expenses decreased 27.3% from the prior-year period to 3.9 million zlotys from 5.3 million zlotys.

Reported net income grew 79.3% year over year to 212,660 zlotys, or 12 groszy per share, from 118,630 zlotys, or 8 groszy per share.

As of Sept. 14, US$1 was equivalent to 3.86 zlotys.