Komputronik SA said its normalized net income for the fiscal first quarter ended June 30 came to 22 groszy per share, an increase of 97.0% from 11 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 2.1 million zlotys, an increase from 1.1 million zlotys in the year-earlier period.

The normalized profit margin increased to 0.4% from 0.3% in the year-earlier period.

Total revenue increased 33.2% year over year to 477.4 million zlotys from 358.3 million zlotys, and total operating expenses increased 33.1% year over year to 472.3 million zlotys from 354.8 million zlotys.

Reported net income grew on an annual basis to 2.9 million zlotys, or 30 groszy per share, from 1.4 million zlotys, or 15 groszy per share.

As of Aug. 14, US$1 was equivalent to 3.13 zlotys.