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Helio fiscal Q3 profit climbs YOY

Helio SA said its normalized net income for the fiscal third quarter ended March 31 came to 16 groszy per share, an increase from 6 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 784,380 zlotys, a gain from 285,630 zlotys in the prior-year period.

The normalized profit margin rose to 2.7% from 1.4% in the year-earlier period.

Total revenue grew 41.2% year over year to 29.4 million zlotys from 20.9 million zlotys, and total operating expenses increased 38.8% year over year to 28.1 million zlotys from 20.2 million zlotys.

Reported net income rose on an annual basis to 1.1 million zlotys, or 22 groszy per share, from 366,000 zlotys, or 7 groszy per share.

As of May 15, US$1 was equivalent to 3.54 zlotys.