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E-Kiosk Q1 profit falls YOY

e-Kiosk SA said its first-quarter normalized net income came to 1 groszy per share, a decline of 44.7% 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 213,340 zlotys, a decline of 44.7% from 385,660 zlotys in the year-earlier period.

The normalized profit margin dropped to 2.6% from 8.5% in the year-earlier period.

Total revenue grew 78.3% on an annual basis to 8.1 million zlotys from 4.5 million zlotys, and total operating expenses grew 97.6% from the prior-year period to 7.7 million zlotys from 3.9 million zlotys.

Reported net income decreased 48.3% on an annual basis to 231,260 zlotys, or 1 groszy per share, from 447,250 zlotys, or 2 groszy per share.

As of May 8, US$1 was equivalent to 3.61 zlotys.