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Atlanta Poland fiscal Q3 profit climbs 43.5% YOY

Atlanta Poland SA said its normalized net income for the fiscal third quarter ended March 31 amounted to 33 groszy per share, a gain of 42.3% from 23 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 2.0 million zlotys, an increase of 43.5% from 1.4 million zlotys in the prior-year period.

The normalized profit margin increased to 3.0% from 2.4% in the year-earlier period.

Total revenue increased 15.7% year over year to 67.5 million zlotys from 58.4 million zlotys, and total operating expenses climbed 14.8% from the prior-year period to 63.9 million zlotys from 55.7 million zlotys.

Reported net income rose 37.8% on an annual basis to 2.5 million zlotys, or 41 groszy per share, from 1.8 million zlotys, or 30 groszy per share.

As of May 15, US$1 was equivalent to 3.54 zlotys.