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Monnari Trade swings to loss in Q3

4916988 said its third-quarter normalized net income amounted to a loss of 2 groszy per share, compared with 10 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 a loss of 605,630 zlotys, compared with income of 3.0 million zlotys in the year-earlier period.

The normalized profit margin dropped to negative 1.4% from 8.1% in the year-earlier period.

Total revenue grew 16.2% on an annual basis to 43.0 million zlotys from 37.0 million zlotys, and total operating expenses climbed 29.0% year over year to 42.5 million zlotys from 32.9 million zlotys.

Reported net income grew from the prior-year period to 20.6 million zlotys, or 67 groszy per share, from 4.0 million zlotys, or 13 groszy per share.

s of Nov. 13, US$1 was equivalent to 3.95 zlotys.Monnari Trade SA

4916988 said its third-quarter normalized net income amounted to a loss of 2 groszy per share, compared with 10 groszy per share in the prior-year period.