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Zaklady Lentex Q1 profit climbs 62.3% YOY

Lentex S.A. said its first-quarter normalized net income amounted to 17 groszy per share, an increase of 62.3% from 11 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 9.4 million zlotys, a gain of 62.3% from 5.8 million zlotys in the prior-year period.

The normalized profit margin fell to 5.8% from 6.3% in the year-earlier period.

Total revenue climbed 53.5% year over year to 141.2 million zlotys from 92.0 million zlotys, and total operating expenses increased 48.3% year over year to 121.7 million zlotys from 82.1 million zlotys.

Reported net income rose 62.5% year over year to 14.1 million zlotys, or 26 groszy per share, from 8.7 million zlotys, or 16 groszy per share.

As of May 13, US$1 was equivalent to 3.90 zlotys.