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Intersport Polska Q1 profit climbs 17.9% YOY

Intersport Polska S.A. said its normalized net income for the first quarter amounted to 6 groszy per share, an increase of 17.9% from 5 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 793,130 zlotys, an increase of 17.9% from 672,500 zlotys in the prior-year period.

The normalized profit margin increased to 1.4% from 1.2% in the year-earlier period.

Total revenue fell year over year to 55.2 million zlotys from 56.0 million zlotys, and total operating expenses declined on an annual basis to 53.4 million zlotys from 54.7 million zlotys.

Reported net income held steady year over year at 836,000 zlotys, or 6 groszy per share.

As of May 10, US$1 was equivalent to 3.88 zlotys.