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Wilbo Q3 profit falls YOY

Wilbo S.A. said its third-quarter normalized net income amounted to 3,750 zlotys, a fall of 70.0% from 12,500 zlotys in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to 0.0% from 0.1% in the year-earlier period.

Total revenue rose 15.6% on an annual basis to 10.3 million zlotys from 8.9 million zlotys, and total operating expenses climbed 16.7% from the prior-year period to 10.2 million zlotys from 8.8 million zlotys.

Reported net income decreased 70.0% from the prior-year period to 6,000 zlotys, or 0 groszy per share, from 20,000 zlotys, or 0 groszy per share.

As of Nov. 10, US$1 was equivalent to 3.96 zlotys.