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ORGANIC Farma Zdrowia Q3 loss widens YOY

ORGANIC Farma Zdrowia SA said its third-quarter normalized net income amounted to 777,500 zlotys, compared with a loss of 98,130 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 declined to negative 3.9% from negative 0.5% in the year-earlier period.

Total revenue rose year over year to 20.0 million zlotys from 19.1 million zlotys, and total operating expenses grew 10.6% on an annual basis to 21.3 million zlotys from 19.3 million zlotys.

Reported net income came to a loss of 1.4 million zlotys, compared with a loss of 633,000 zlotys in the prior-year period.

As of Nov. 3, US$1 was equivalent to 3.90 zlotys.