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Essential IR Insights Newsletter - Summer July-August 2023 Q3 loss narrows YOY SpA said its third-quarter normalized net income amounted to a loss of 13,750 zlotys, compared with a loss of 191,250 zlotys in the year-earlier period.

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

The normalized profit margin rose to negative 0.1% from negative 2.6% in the year-earlier period.

Total revenue rose 40.2% year over year to 10.2 million zlotys from 7.3 million zlotys, and total operating expenses climbed 34.9% from the prior-year period to 10.2 million zlotys from 7.6 million zlotys.

Reported net income came to a loss of 22,000 zlotys, or a loss of 0 groszy per share, compared to a loss of 261,000 zlotys in the prior-year period.

As of Nov. 13, US$1 was equivalent to 3.95 zlotys.