Premium Fund SA said its first-quarter normalized net income amounted to 42,450 zlotys, compared with a loss of 68,130 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 climbed to negative 2.8% from negative 4.5% in the year-earlier period.
Total revenue rose year over year to 1.5 million zlotys from 1.5 million zlotys, and total operating expenses totaled 1.6 million zlotys, compared with 1.6 million zlotys in the year-earlier period.
Reported net income totaled a loss of 67,920 zlotys, compared with a loss of 109,000 zlotys in the year-earlier period.
As of May 14, US$1 was equivalent to 3.57 zlotys.
