Mex Polska SA said its normalized net income for the first quarter amounted to 6 groszy per share, an increase from 2 groszy per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 403,820 zlotys, a gain from 112,350 zlotys in the prior-year period.
The normalized profit margin climbed to 2.3% from 1.1% in the year-earlier period.
Total revenue rose 12.9% year over year to 11.6 million zlotys from 10.3 million zlotys, and total operating expenses rose from the prior-year period to 10.7 million zlotys from 10.5 million zlotys.
Reported net income rose on an annual basis to 1.2 million zlotys, or 19 groszy per share, from 122,420 zlotys, or 2 groszy per share.
As of May 14, US$1 was equivalent to 3.57 zlotys.
