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Auxilia swings to profit in Q1

Auxilia SA said its normalized net income for the first quarter was 332,620 zlotys, compared with a loss of 22,980 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 increased to 14.3% from negative 1.1% in the year-earlier period.

Total revenue grew 14.6% year over year to 2.3 million zlotys from 2.0 million zlotys, and total operating expenses decreased 11.6% from the prior-year period to 1.7 million zlotys from 1.9 million zlotys.

Reported net income increased year over year to 569,360 zlotys, or 13 groszy per share, from 9,670 zlotys.

As of May 11, US$1 was equivalent to 3.87 zlotys.