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Polkap Q2 profit climbs 44.2% YOY

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Polkap Q2 profit climbs 44.2% YOY

4914305 said its normalized net income for the second quarter came to 27 groszy per share, an increase of 44.2% from 19 groszy per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.2 million zlotys, a gain of 44.2% from 856,880 zlotys in the prior-year period.

The normalized profit margin rose to 26.2% from 18.7% in the year-earlier period.

Total revenue grew year over year to 4.7 million zlotys from 4.6 million zlotys, and total operating expenses declined 15.0% year over year to 2.6 million zlotys from 3.1 million zlotys.

eported net income rose 44.2% from the prior-y Skoczowska Fabryka Kapeluszy Polkap SpA.