Pepees SA said its third-quarter normalized net income came to 3.6 million zlotys, a gain from 736,880 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 8.2% from 2.0% in the year-earlier period.

Total revenue climbed 19.2% year over year to 43.4 million zlotys from 36.4 million zlotys, and total operating expenses increased 7.0% from the prior-year period to 37.1 million zlotys from 34.7 million zlotys.

Reported net income rose year over year to 4.4 million zlotys, or 5 groszy per share, from 788,000 zlotys, or 1 groszy per share.

As of Nov. 14, US$1 was equivalent to 4.12 zlotys.