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Sfinks Polska fiscal Q3 profit climbs 30.1% YOY

Sfinks Polska S.A. said its normalized net income for the fiscal third quarter ended Aug. 31 amounted to 3 groszy per share, a gain from 3 groszy per share in the third quarter ended Sept. 30, 2015.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.1 million zlotys, a gain of 30.1% from 827,750 zlotys in the third quarter ended Sept. 30, 2015.

The normalized profit margin increased to 2.0% from 1.8% in the year-earlier period.

Total revenue rose 12.2% on an annual basis to 52.6 million zlotys from 46.9 million zlotys, and total operating expenses increased 10.9% on an annual basis to 49.8 million zlotys from 44.9 million zlotys.

Reported net income increased 71.3% on an annual basis to 1.3 million zlotys, or 4 groszy per share, from 746,000 zlotys, or 3 groszy per share.

As of Oct. 17, US$1 was equivalent to 3.94 zlotys.