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Atal Q3 profit climbs YOY

Atal SA said its third-quarter normalized net income came to 81 groszy per share, an increase from 24 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 31.5 million zlotys, an increase from 9.3 million zlotys in the prior-year period.

The normalized profit margin increased to 16.1% from 12.6% in the year-earlier period.

Total revenue climbed year over year to 195.8 million zlotys from 73.9 million zlotys, and total operating expenses increased from the prior-year period to 144.7 million zlotys from 58.2 million zlotys.

Reported net income increased from the prior-year period to 42.6 million zlotys, or 1.10 zlotys per share, from 12.8 million zlotys, or 33 groszy per share.

As of Nov. 14, US$1 was equivalent to 4.12 zlotys.