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Auxilia swings to profit in Q3

Auxilia SA said its third-quarter normalized net income amounted to 416,480 zlotys, compared with a loss of 336,640 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 21.0% from negative 28.5% in the year-earlier period.

Total revenue climbed 67.8% on an annual basis to 2.0 million zlotys from 1.2 million zlotys, and total operating expenses fell 38.5% year over year to 1.0 million zlotys from 1.7 million zlotys.

Reported net income totaled 744,150 zlotys, or 16 groszy per share, compared to a loss of 538,620 zlotys in the prior-year period.

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